Bitwise Forecast: Bitcoin, Ethereum, And Solana Poised For Record Highs In 2025
11 Diciembre 2024 - 1:00AM
NEWSBTC
In a recent report, crypto exchange-traded fund (ETF) issuer and
asset manager Bitwise unveiled bold predictions for Bitcoin and the
broader cryptocurrency market by 2025, highlighting the significant
performance of major cryptocurrencies throughout this year. A
Stellar Year For Bitcoin And Major Cryptos Bitcoin reached an
all-time high of $104,000 at the start of the month, marking a
staggering increase of 141.72% year-to-date, driven largely by the
historic launch of spot Bitcoin ETFs in the United States, which
amassed $33.56 billion in assets. Other cryptocurrencies also
demonstrated impressive gains: Solana (SOL) rose by 127.71%, XRP
skyrocketed by 285.23%, and Ethereum (ETH) increased by
75.77%. Notably, crypto-related equities such as
MicroStrategy and Coinbase also saw remarkable increases of 525.39%
and 97.57%, respectively. Related Reading: Five Weeks, Five
Purchases: MicroStrategy Invests Another $2.1 Billion In Bitcoin
Beyond price hikes, Bitwise notes that the regulatory landscape for
cryptocurrencies also improved significantly. In the 2024 US
elections, crypto-friendly candidates triumphed, enhancing the
industry’s prospects. President-elect Donald Trump, who
embraced cryptocurrencies in his campaign, pledged to establish a
strategic Bitcoin reserve and reform the US Securities and Exchange
Commission (SEC), have further contributed to the current
uptrend. Trump’s nomination of Scott Bessent as Treasury
Secretary—who has previously described crypto as a vehicle for
freedom—further signals a shift in the regulatory environment.
Optimistic Predictions For 2025 As Bitwise’s team looks ahead, they
express enthusiasm about entering what they term the “Golden Age of
Crypto.” Their predictions are grounded in several key factors,
including rising institutional adoption, advancements in blockchain
technology, and anticipated global stimulus from major central
banks. The report specifically projects that Bitcoin, Ethereum, and
Solana—the “magnificent three”—will continue to outperform
traditional asset classes. In 2024, these cryptocurrencies
significantly outpaced the S&P 500, which returned 28.07%, gold
at 27.65%, and bonds at a meager 3.40%. Bitwise expects this
momentum to carry into 2025, with all three assets setting new
all-time highs. The research notes the continuing demand for
Bitcoin, which is being pushed by an injection of funds into
Bitcoin ETFs, as well as the imminent supply reduction due to the
April 2024 Halving. This Halving event is intended to reduce new
Bitcoin issuance, hence increasing scarcity. If the US government
follows through on its proposal to establish a strategic reserve of
one million Bitcoins, Bitwise predicts that Bitcoin’s price will
skyrocket to $200,000 or perhaps $500,000. Related Reading: XRP
Price Eases Gains: Eyes on The Critical $2 Threshold Despite its
strong performance in 2024, Ethereum has experienced hurdles as
investors move their attention to Bitcoin and faster-growing
blockchains. However, Bitwise predicts a narrative shift for
Ethereum in 2025. They believe that activity on Layer 2
(L2) solutions such as Base and Starknet will expand dramatically,
as will inflows into spot Ethereum ETFs. The rise of stablecoins
and tokenized projects on Ethereum is also expected to pique
investors’ interest. The firm predicts a significant increase to a
new all-time high of $7,000 for the market’s leading altcoin.
Solana, on the other hand, known for its quick rebound following
the 2022 market meltdown, is also expected to perform well in 2025.
The study attributed Solana’s 2024 spike to a memecoin frenzy,
similar to the GameStop trading saga. Looking ahead, Bitwise
anticipates that projects will continue to migrate to the Solana
network, expanding its ecosystem beyond memecoins. Bitwise
anticipates a significant increase, almost tripling the current
price record to a new high of $750 per SOL. At the time of
writing, Bitcoin is trading at $96,000, while Ethereum and Solana
are consolidating around $3,662 and $218 respectively.
Featured image from DALL-E, chart from TradingView.com
Solana (COIN:SOLUSD)
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