Leading asset manager Bitwise provides its cryptocurrency outlook for next year, including price predictions for Bitcoin, Ethereum, and Solana.
With the year winding down quickly, industry leaders are already switching their focus to 2025. $10 billion asset manager Bitwise is one of them, as the Bitcoin ETF issuer has dropped its forecast for the coming year.
In a report titled “The Year Ahead: 10 Crypto Predictions for 2025,” Bitwise dropped massive outlooks for the next year. Some interesting forecasts included a surge to new all-time highs for Bitcoin, Ethereum, and Solana and more inflows from the spot ETFs.
New ATH for the Crypto Magnificent Three
Bitwise asserted that the current crypto bullish momentum would spill into 2025, spurring unprecedented price upsurges for the magnificent three—Bitcoin, Ethereum, and Solana.
Per the report, Bitcoin will surge to $200,000 before the end of next year. The asset manager hinged the speculation on a sustenance of inflows from the Bitcoin ETFs and demand from corporate entities, which are increasing their exposure to the premier crypto asset.
Meanwhile, Bitwise noted that Bitcoin would surpass the $200,000 price mark and surge to $500,000 if the United States created a strategic reserve of the asset. Notably, the incoming Donald Trump administration has repeatedly teased the idea, with Senator Cynthia Lummis already setting the bill in motion.
Furthermore, Bitwise speculated that Ethereum and Solana will surge to new heights next year. The asset manager asserted a $7,000 price valuation for the former and $750 for the latter.
Greater Inflows for the US Spot ETFs
Meanwhile, Bitwise expects the US Bitcoin ETFs to continue their blossoming performance next year. After trading for just one year, the funds have achieved notable milestones, including surpassing founder Satoshi Nakamoto to become the largest Bitcoin holder.
The asset manager speculated that the Bitcoin investment products will gain more traction in 2025, as the first year of an ETF launch is historically the slowest. It also asserted that the “wirehouses” are coming, as illustrious wealth managers have not fully adopted Bitcoin.
Other Bullish Predictions
Bitwise continued with the bullish predictions, stating that the number of Bitcoin-holding countries will surge twofold. The report shows that only nine nations hold Bitcoin at this time.
The countries include the United States, China, the United Kingdom, Bhutan, El Salvador, Finland, Venezuela, Georgia, and Ukraine. However, Bitwise stated that the number would double as more countries join the Bitcoin bandwagon.
Meanwhile, Bitwise insisted that 2025 will be the year of crypto IPOs. The asset manager expects a stampede of crypto initial public offerings amidst a friendly regulatory environment.
Bitwise mentioned crypto firms that are likely to go public next year, including Kraken, Circle, Figure, Chainalysis, and Anchorage Digital.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
