Bitwise Asset Management is optimistic about the future of crypto, suggesting that 2025 could be an even better year for the sector than 2024, which has already proven to be a strong one. With the successful launch of spot bitcoin exchange-traded funds (ETFs), a more favorable U.S. crypto regulatory landscape under a potential second term for former President Donald Trump, and continued bullish price movements, 2024 was a significant year for the crypto industry.
However, Bitwise predicts that the crypto market will experience even greater growth in 2025. In a new report, the firm outlined 10 key predictions, shared by Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen. The firm expects all major cryptocurrencies to reach new all-time highs, with bitcoin rising to $200,000, ether reaching $7,000, and solana surging to $750, more than triple its current value.
According to Bitwise, bitcoin’s growth will be driven by even larger inflows into ETFs than what was seen in 2024. While this may seem like a bold forecast, the firm notes that it is typical for ETFs to attract larger flows in their second year compared to the first. Additionally, major financial institutions are only now completing their due diligence on these products, and investors are becoming more comfortable with increasing their bitcoin exposure.
The U.S. Department of Labor’s changing stance towards crypto could further fuel the market, potentially allowing billions of dollars from 401(k) plans to flow into crypto assets. A proposed “bitcoin arms race,” in which U.S. politicians push for the creation of a strategic bitcoin reserve, could also drive the price upward. Bitwise predicts that the number of countries holding bitcoin will double in 2025, from nine to eighteen.
Other 2025 Predictions
Bitwise also forecasts significant growth in the stablecoin market, anticipating that it will benefit from clearer legislation in the U.S., fintech integrations, and rising prices, potentially doubling its market capitalization to $400 billion. Tokenized real-world assets (RWAs) could also experience substantial growth, surpassing $50 billion in value as Wall Street deepens its involvement in the sector.
Memecoins are expected to see another surge, potentially exceeding the mania seen this year, as AI technology makes it easier to launch new tokens.
Crypto companies are likely to have a strong year as well. Bitwise predicts that a number of firms could go public, including stablecoin issuer Circle, crypto lending firm Figure, on-chain data provider Chainalysis, exchange Kraken, and custodian Anchorage Digital. For Coinbase (COIN), already a publicly traded company, Bitwise suggests its stock could exceed $700 per share, more than double its current value. This would elevate Coinbase to surpass Charles Schwab as the world’s most valuable brokerage.
Furthermore, Bitwise anticipates that Coinbase’s success could lead to its inclusion in the S&P 500, and MicroStrategy may be added to the Nasdaq 100. These moves would likely result in widespread exposure to crypto for U.S. investors through mainstream investment vehicles.
