Bitwise Forecasts 2025 as Year of Crypto IPOs and Bitcoin Surging to $200K+
- Bitcoin, according to Hougan and Rasmussen, will reach $200,000 or more by the year 2025.
- Solanas price is likely expected to soar to $750, a 250% rise from its current $215 as per the duo.
Bitwise, a crypto ETF issuer, has forecasted that five crypto unicornscompanies like Circle, which issues stablecoins, and Kraken, which operates as a cryptocurrency exchangewill go public in the year 2025.
Bitwises investment chief Matt Hougan and research head Ryan Rasmussen predicted in their 10 Crypto Predictions for 2025 report that three more companies, namely crypto exchange Figure, analytics firm Chainalysis, and so-called crypto bank Anchorage Digital, will head for initial public offerings (IPOs) next year.
Optimistic Forecast
They chose 2025 as the Year of the Crypto IPO because of rising investor demand. Along with institutional acceptance, a positive macro environment, and a warmer political climate. The other year-end forecasts put forth by Hougan and Rasmussen of Bitwise are also interesting.
Bitcoin, according to Hougan and Rasmussen, will reach $200,000 or more by the year 2025. And by 2029, it may have surpassed golds present market worth of $18 trillion.
U.S. Senator Cynthia Lummis has proposed a plan to establish a strategic Bitcoin reserve to purchase one million Bitcoins or more over a five-year period. If implemented, this plan may lead to Bitcoin reaching $500,000 or even more next year.
The pair said that a US Bitcoin reserve would expedite the process. But that Bitcoin may surpass gold even in its current state. In the meantime, Bitwise predicts that Ethereum will see more activity on Ethereum layer 2, more spot Ether ETF movements, a surge in tokenized projects and stablecoins, and a subsequent rebound in price, leading to a peak of $7,000 in 2025.
With the introduction of serious projects, Solanas price is expected to soar to $750, a 250% rise from its current $215, according to Hougan and Rasmussen.
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Read more: https://thenewscrypto.com/bitwise-forecasts-2025-as-year-of-crypto-ipos-and-bitcoin-surging-to-200k/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
