The post BTC $200K, COIN in S&P 500, and a Number of Crypto IPOs Among Bitwise 2025 Predictions appeared on BitcoinEthereumNews.com.

With the highly successful introduction of spot bitcoin exchange-traded funds, the U.S. crypto regulatory situation looking much rosier now that former President Donald Trump has been elected for a second term, and the bullish price action, it’s undeniable that 2024 was a big year for crypto. But things could get even crazier in 2025, according to Bitwise Asset Management, a firm which specializes in developing crypto investment products. The company laid out 10 crypto predictions for the year to come in a report released Wednesday, penned by the firm’s chief investment officer, Matt Hougan, and its head of research, Ryan Rasmussen. First among the predictions is that all major cryptocurrencies will see new record highs. Bitcoin will push to $200,000, said Bitwise, while ether will hit $7,000 and solana will more than triple to $750. Bitcoin’s rise will be fueled by even bigger ETF inflows than in 2024, Bitwise said. That’s a strong statement given their success already, but the team noted that it’s not unusual fo ETFs to take in larger flows in year two versus year one. They also remind that major wirehouses are only now finishing up their due diligence on the products and investors are feeling more comfortable increasing their exposure to bitcoin. There’s also the possibility that the U.S. Department of Labor won’t be so adversarial towards the sector anymore, which according to Bitwise could enable tens of billions of dollars to flow into crypto assets from 401(k) plans. And a potential bitcoin arms race — kicked off by U.S. politicians’ plans to constitute a strategic bitcoin reserve — would certainly help move the price upwards. Bitwise predicted that the number of countries holding bitcoin will double in 2025 from nine to eighteen. Other possibilities for 2025 Stablecoins will likely benefit from clear legislation in…

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Filed under: News - @ December 12, 2024 1:25 am