Bitwise predicts Bitcoin, Ethereum, and Solana will reach new all-time highs (ATHs) next year.
Bitwise, an asset manager, has made an audacious prediction regarding the potential value of Bitcoin, Ethereum, and Solana in the upcoming year.
The asset manager predicted that the leading cryptocurrencies would achieve new all-time highs (ATHs) and provided justifications for these predictions.
Bitwise Projects New ATHs For Solana, Ethereum, Bitcoin
Bitwise’s most recent “timely insights” release anticipated that Bitcoin, Ethereum, and Solana would reach $200,000, $7,000, and $750, respectively.
These targets would serve as new ATHs for the most prominent cryptocurrencies.
The Bitcoin ETFs were referenced by the paper’s authors, Matt Hougan, the Chief Investment Officer (CIO), and Ryan Rasmussen, the Head of Research, as a potential cause for the Bitcoin price to reach $200,000.
In their report, Hougan and Rasmussen observed that the record-breaking flows from these funds have propelled Bitcoin to new all-time highs this year, and they anticipate that these inflows will not cease shortly.
Additionally, they suggested that Bitcoin may experience a substantial supply shock as more governments and corporations implement the flagship cryptocurrency.
Even though Ethereum underperformed in comparison to other currencies and lost favor with many investors this year, Hougan and Rasmussen anticipate a narrative shift for Ethereum in 2025.
They anticipate that this will occur as the activity on layer 2 blockchains, such as Base and Starknet, increases. Additionally, they referenced the Spot Ethereum ETFs, which they anticipate will attract billions in inflows.
A significant increase in stablecoins and tokenized projects that are constructed on the Ethereum network is another catalyst that they anticipate will propel the Ethereum price upwards to $7,000.
In the interim, these Bitwise executives also explained the potential increase in the price of Solana to $750.
They are of the opinion that Solana’s momentum is only beginning to develop, despite its status as one of the most notable projects of the year due to its meme coin ecosystem.
Hougan and Rasmussen anticipate that the introduction of “serious” initiatives into the Solana ecosystem will catalyze this price increase, which will complement the network’s dominance in meme coins.
Additional Vivid Prognostications For 2025
Additionally, Bitwise issued numerous predictions regarding the cryptocurrency sector in 2025.
The asset manager anticipates that Bitcoin ETFs will generate a greater volume of transactions in 2025 than they did in 2024.
Additionally, Hougan and Rasmussen anticipate that Coinbase, the primary cryptocurrency exchange, 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 a minimum of five crypto unicorns coming public in the United States.
These companies will undoubtedly be more confident in their decision to do so under the Donald Trump administration, as he has recently expressed his support for crypto.
Bitwise predicts that tokens launched by AI agents will serve as the catalyst for a meme coin frenzy that surpasses the magnitude of this year. Hougan and Rasmussen anticipate that the number of countries that possess Bitcoin will double.
Another audacious prediction regarding Coinbase is that the crypto exchange will be admitted to the S&P 500, while MicroStrategy will be admitted to the Nasdaq-100.
The asset manager anticipates that the US Department of Labor will reconsider its guidelines regarding cryptocurrency in 401(k) plans, which will facilitate the inflow of billions of dollars into crypto assets.
The stablecoin market is expected to double in size to $400 billion as the United States enacts stablecoin legislation.
At the same time, Hougan and Rasmussen anticipate that the value of tokenized real-world assets (RWAs) will transcend $50 billion as Wall Street’s embrace of crypto continues to accelerate. In 2029, they predicted that Bitcoin will surpass the $18 trillion gold market as the flagship cryptocurrency transactions above $1 million, as a bonus prediction.
