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CoinGape 2024-12-10 16:51:06

Bitwise Predicts Bitcoin, Ethereum, & Solana Will Hit New ATH In 2025

Asset manager Bitwise has boldly predicted how high Bitcoin, Ethereum, and Solana will rise next year. The asset manager predicted that the top cryptocurrencies would reach new all-time highs (ATHs) and gave reasons to justify these predictions. Bitwise Predicts New ATH For Bitcoin, Ethereum & Solana In its latest ‘timely insights’ release , Bitwise predicted that Bitcoin, Ethereum, and Solana would hit $200,000, $7,000, and $750, respectively, with these targets marking new ATHs for the top cryptos . The paper’s authors, Matt Hougan, the Chief Investment Officer (CIO), and Ryan Rasmussen, Head Of Research, alluded to the Bitcoin ETFs as one reason they believe the Bitcoin price can reach $200,000. Hougan and Rasmussen noted that the record-setting flows from these funds sent Bitcoin to new all-time highs this year, and they don’t see these inflows stopping anytime soon. They also raised the possibility of Bitcoin witnessing a significant supply shock as more corporations and governments adopt the flagship crypto. While Ethereum fell out of favor with many investors this year and underperformed compared to other coins, Hougan and Rasmussen said they expect a narrative shift for Ethereum in 2025. They predict this will happen as activity on layer 2 blockchains like Base and Starknet accelerates. They also alluded to the Spot Ethereum ETFs, which they expect will see billions in inflows. Another catalyst that they predict will drive the Ethereum price rally to $7,000 is a massive growth in stablecoins and tokenized projects built on the Ethereum network. Meanwhile, these Bitwise executives also explained why the Solana price could rally to $750. They believe that Solana’s momentum is just starting to build despite its being one of the standouts this year thanks to its meme coin ecosystem. Hougan and Rasmussen predict that the catalyst for this price surge will be “serious” projects moving into the Solana ecosystem to complement the network’s dominance in meme coins. Other Bold Predictions For 2025 Bitwise also made several crypto-related predictions for 2025. The asset manager predicts that Bitcoin ETFs will attract more flows in 2025 than 2024. Furthermore, Hougan and Rasmussen expect that the top crypto exchange, Coinbase, will surpass Charles Schwab as the most valuable brokerage in the world, and its stock will reach as high as $700. Another prediction is that 2025 will be the “Year of the Crypto IPO,” with at least five crypto unicorns going public in the US. These companies will undoubtedly be more confident in doing so under the Donald Trump administration, given his pro-crypto stance. Bitwise predicts that tokens launched by AI agents will spearhead a meme coin mania even bigger than this year. Hougan and Rasmussen expect that the number of countries holding Bitcoin will double. Another bold prediction regarding Coinbase is that the crypto exchange will enter the S&P 500, and MicroStrategy will enter the Nasdaq-100. The asset manager envisages that the US Department of Labor will relax its guidance against crypto in 401(k) plans, enabling billions of dollars to flow into crypto assets. The stablecoin market will double to $400 billion as the US passes the stablecoin legislation. Meanwhile, Hougan and Rasmussen predict that the value of tokenized real-world assets (RWAs) will surpass $50 billion as Wall Street’s embrace of crypto intensifies. As a bonus prediction, they predicted that Bitcoin will overtake the $18 trillion gold market in 2029 as the flagship crypto trades above $1 million. The post Bitwise Predicts Bitcoin, Ethereum, & Solana Will Hit New ATH In 2025 appeared first on CoinGape .

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