New regulations, stock market launches and higher prices are some of the forecasts
For asset manager analysts Bitwise The bullish rally in the crypto world could extend through 2025, as Donald Trump’s presidency promotes an open approach to cryptocurrenciesproviding greater legitimacy to the sector and potentially attracting an even larger mass of investors globally. These are his main predictions:
Bitcoin, Ether and Solana will hit new all-time highs
Bitcoin could double in price while some other majors soar over 200%. Bitwise set a price target of $200,000 for BTC and Ethereum will rise to $7,000, while Solana will peak at $700.
Among the many potential bullish catalysts, Bitwise cited institutional and corporate investment, approvals from traditional brokerage firms, the improved regulatory climate in the United States, tight Bitcoin supply due to the halving, and portfolio allocations. more advanced.
Bitcoin ETFs will have more flows than ever
Spot Bitcoin ETFs in the United States have already surpassed $30 billion in net capital inflows this year. For comparison, they noted that gold ETFs saw net inflows increase for five consecutive years, from $2.6 billion in their first year to $28.9 billion in their fifth, and argued that Bitcoin ETFs could follow a similar trajectory.
Coinbase will surpass Charles Schwab
The largest cryptocurrency exchange in the United States will, according to these projections, become the most valuable broker in the world, and its share price will exceed $700 per share from its current level of $312.
Countries will have reserves in Bitcoin
Bitwise analysts said they believe the number of countries that have Bitcoin in their reserves will double next year, going from nine to eighteen. Legislators from the US, Brazil and Russia proposed adding the cryptocurrency to national treasuries in 2024.
Coinbase will enter the S&P 500
According to Bitwise, Coinbase could enter the S&P 500 next year. As they specified, “all American investors” will have exposure to crypto in their portfolios.
Pension plans in the US will be exposed to crypto
Analysts also said they expect the US Department of Labor to “relax its guidance” to allow the incorporation of Bitcoin into 401(k) retirement savings plans.
The stablecoin market will double
Bitwise hinted that the stablecoin market may double to $400 billion, largely driven by the long-awaited stablecoin legislation in the United States. This market recently reached US$200 billion in capitalization in the midst of the US post-election rally.
Tokenization will be a $50 billion market
They projected that the value of tokenized real-world assets (RWA) will exceed $50 billion by next year in an increase of 257% from the current $14 billion.
Source: Ambito
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