According to ChainCatcher, Steno Research recently released a report indicating that its bullish predictions for BTC and ETH prices reflect an 'unprecedented favorable regulatory environment for cryptocurrencies, a supportive macroeconomic environment marked by declining interest rates and improved liquidity, and historically strong performance following Bitcoin halving.'
It also stated, 'Moreover, institutional adoption is expected to reach unprecedented levels, and the influx of large amounts of capital into U.S. Bitcoin and Ethereum ETFs further drives this trend.'
Steno expects that the net inflows for BTC and ETH ETFs will reach $48 billion and $28.5 billion, respectively, by 2025.
Additionally, the report states that the DApp TVL is expected to exceed $300 billion by 2025, far surpassing the approximately $180 billion peak in 2021.
According to previous reports, Steno Research stated in a report last Sunday that Bitcoin's price is expected to rise from around $94,000 to a minimum of $150,000 next year, while ETH's price will more than double, increasing from $3,400 to at least $8,000. That is, the ETH/BTC exchange rate is expected to rise from the current 0.0357 to 0.06 within the next 12 months, similar to price trends in previous cycles, with altcoins becoming the focus.
