Bitwise 2025 Crypto Outlook: Bitcoin to Hit $200K, Ethereum $7K
Updated on Dec 19, 2024
- Bitwise shares 10 bold predictions for 2025, including Bitcoin hitting $200,000, Ethereum topping $7,000, and SOL crossing the $750 mark.
- They forecast at least five crypto unicorns to go public next year.
- The asset management firm also forecasts that BTC will hit over $1 Million by 2029, surpassing the gold market cap.
On Dec. 10, Bitwise Asset Management, America’s biggest crypto index fund manager and a leading crypto exchange-traded fund (ETF) issuer, released a report, in which it projected that Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) will hit $200,000, $7,000, and $750, respectively, in 2025. These targets mark new all-time highs for each of these leading cryptocurrencies.
The paper’s authors, Ryan Rasmussen, Head of Research, and Matt Hougan, Chief Investment Officer (CIO), note that direct or indirect ETFs could be a reason for Bitcoin’s price reaching $200,000.
They also suggested that there could be a supply-side shock to Bitcoin, as more big businesses and governments use it, with Bitcoin rising to $500K if the US government established a strategic Bitcoin reserve.
Hougan and Rasmussen expect a change in Ether’s price next year. They hope to see elevated layer-2 activity from Base and Starknet, boosting Ether’s on-chain demand and driving the ETH price higher. Bitwise analysts also believe that Spot ETH ETFs will attract billions in fresh investments and take Ethereum to $7,000.
Meanwhile, stablecoins are projected to double in market value to $400 billion, underpinned by anticipated regulatory clarity from new US legislation.
Coinbase Trajectory and Industry IPOs
According to Bitwise, Coinbase’s trajectory as a major brokerage could take an unprecedented leap. Its stock value is predicted to exceed $700 per share, potentially making it the most valuable brokerage globally.
In addition, a significant surge in public offerings is on the horizon, with at least five crypto unicorns expected to go public. Likely candidates include Circle, Kraken, Figure, Anchorage, and Chainalysis. These developments hint at an industry maturing into mainstream relevance while retaining its innovative edge.
Meme Coin Mania Fueled by AI-Generated Tokens
The meme coin momentum seen in 2024 might be dwarfed by its growth in 2025, as Bitwise expects to see a boom in AI-created tokens. This comes as artificial intelligence is already a hot topic in the crypto space, with AI meme coins making headlines.
This is especially true when it comes to services that can be delivered autonomously, by Clanker, the AI-based token launch tool.
Crypto’s Bright Horizon
There are expectations that the US Department of Labor will ease its rule against crypto in retirement plans, opening up billions for new investments. Currently holding $8 trillion in 401(k) assets, even a 1% investment would bring $80 billion into the crypto market. Here at CoinHint, we foresee such a policy change representing a major positive step forward, leading to even greater incorporation of crypto into the mainstream financial process.
Bitwise’s report closes with a bold long-term forecast that BTC will reach over one million dollars by 2029, surpassing the market capitalization of gold. This forms part of the rising optimism surrounding crypto’s impact on the financial world.
It is important to note that although Bitwise’s predictions reflect a positive future for the crypto market, they are far from certain outcomes. But, if these predictions are even partially correct, then 2025 will definitely be a landmark year for cryptocurrency. This means that investors, developers, and regulators must gear themselves up for a future where digital assets will become an increasingly important sector of the international financial markets.