2024 is a milestone year for cryptocurrency. Bitcoin soared to an all-time high of $104,088, up 142% year-to-date, thanks to the record launch of the U.S. Bitcoin spot ETF, which has an asset size of $33.56 billion. Other major crypto assets also saw significant increases: Solana up 127.71%, XRP up 285.23%, and Ethereum up 75.77%. Meanwhile, cryptocurrency stocks like MicroStrategy and Coinbase surged by 525.39% and 97.57%, respectively.
Record prices are not the only noteworthy development. Cryptocurrency stands out in the 2024 U.S. elections, bringing bright prospects for U.S. cryptocurrency regulation. Elected President Trump supports cryptocurrency during his campaign, vowing to establish a strategic Bitcoin reserve and reorganize the SEC, which has historically been hostile to cryptocurrency. He also nominated Scott Bessent as Treasury Secretary, who stated, 'Cryptocurrency is about freedom, and the crypto economy will persist.' As we enter 2024, Congress is strongly leaning towards cryptocurrency, with pro-crypto candidates defeating opponents in several key races. We expect favorable legislation for cryptocurrency in the coming months.
As we approach 2025, we are truly on the brink of a crypto bull market. So, what major events do we predict will happen in the crypto market in 2025?
1. BTC, ETH, and Solana will reach all-time highs, with BTC prices exceeding $150,000.
The three giants of cryptocurrency—BTC, ETH, and Solana—outperformed all major asset classes in 2024, rising by 141.72%, 75.77%, and 127.71%, respectively. Meanwhile, the S&P 500 index had a return of 28.07%, and this momentum is expected to continue into 2025, with BTC, ETH, and Solana all rising to new highs.
ETH: $7,000. Although Ethereum rose by 75.77% in 2024, the second-largest crypto asset has lost favor with many investors, who have either turned to Bitcoin or to rapidly growing programmable blockchains that compete with Ethereum. However, as Warren Buffett's saying goes, 'I am fearful when others are greedy, and greedy when others are fearful.' I expect a narrative shift for Ethereum in 2025, as activity on layer-two blockchains like Base and Starknet accelerates, and the Ethereum spot ETF attracts billions in inflows. Another catalyst is the massive growth of stablecoins and tokenized projects built on Ethereum.
Solana: $750. The phoenix of cryptocurrency, rising from the ashes of the 2022 market crash, soaring to new heights in 2024, fueled by a Meme coin frenzy that makes the GameStop saga look tame. I believe Solana's momentum is just beginning to build. The catalyst for 2025 will be 'serious' projects migrating to this network to complement its dominance in Meme coins.
2. Tokens launched by AI agents will lead an even bigger Memecoin craze than in 2024.
As we enter 2025, it looks like we will witness a Meme coin craze even bigger than in 2024. I believe that tokens launched by AI agents will lead the trend.
For example, a recent interaction between a16z's Marc Andreessen and an autonomous chatbot named Truth Terminal led to an AI agent promoting a little-known Meme coin, GOAT. Initially a quirky experiment, it quickly became an asset with a market cap exceeding $1.3 billion, showing the immense potential when you combine AI with the wild world of Meme coins.
In less than a month, Clanker has launched over 11,000 tokens (generating over $10.3 million in fees). We believe that tokens launched by AI will drive a new Meme coin craze in 2025.
Will these Meme coins have practical uses? Unlikely. Will most of them go to zero? Yes. But they represent an interesting collision of two breakthrough technologies—artificial intelligence and cryptocurrency—that is worth watching.
3. The number of countries holding Bitcoin will double.
It's uncertain whether the U.S. will establish a strategic Bitcoin reserve by 2025. But it is definitely possible. Our view is that this does not matter. The fact that the U.S. is actively considering establishing a strategic Bitcoin reserve will trigger a global race, with governments rushing to buy Bitcoin before it's too late. As you have seen, legislators from Poland to Brazil are proposing bills to promote the establishment of strategic Bitcoin reserves in their countries.
Currently, nine countries hold Bitcoin. We anticipate this number will double by 2025.
4. Additional prediction: By 2029, Bitcoin will surpass the $18 trillion gold market, with each Bitcoin priced over $1 million.
I believe that by 2029, Bitcoin will surpass the gold market. Based on gold's current market value, this means the price of Bitcoin will rise to over $1 million each.
Why 2029? Bitcoin has historically oscillated in four-year cycles. While there is no guarantee this will continue, 2029 will mark the peak of the next cycle (also Bitcoin's 20th anniversary). Surpassing gold within 20 years of its launch would be an incredible achievement, but we believe Bitcoin can do it.
We are currently in the mid-stage of a bull market, and there isn't much room left for Bitcoin to rise. Next, altcoins and second-tier mainstream coins will have more space to grow. If you feel lost when trading and often find yourself stuck or cutting losses, feel free to reach out to me for a chat. Here are our recent spot trading results!
Investment is always accompanied by risks, and if you want to reduce risks, follow me, and let's communicate and explore together! I am Brother Lei, code name Steady! I have focused on the crypto space for seven years, conducting in-depth research on first-level projects and the secondary market. Learn more about quality first-level project information and recommendations for secondary trading points. I'm here to safeguard your investments in the crypto space!
