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Cryptocurrency News Articles
Bitwise Unveils 2025 Crypto Predictions: SOL to Skyrocket 250%, BTC to Hit $200K, ETH to Rally 99%
Jan 05, 2025 at 05:00 am
Digital asset investment manager Bitwise is unveiling its predictions for cryptocurrencies and the industry in 2025.
Digital asset investment manager Bitwise is revealing its predictions for cryptocurrencies and the industry in 2025.
Starting with Solana (SOL), Bitwise’s head of research Ryan Rasmussen says the asset manager is predicting that the Ethereum (ETH) rival will soar by 250% and hit a price of $750 this year.
Solana is priced at $214 at the time of writing, about 18% down from the all-time high of $263 in November of 2024.
On Bitcoin (BTC), Bitwise predicts that the crypto king will surge by 106% from the current level to reach a price of $200,000 in 2025. Ethereum, according to Bitwise, will rally by around 99% from the current level to hit a price of $7,000 this year.
Bitcoin is trading at $96,940 at the time of writing while Ethereum is priced at $3,521.
Turning to US spot Bitcoin exchange-traded funds (ETFs), Rasmussen says Bitwise is expecting the inflows in 2025 to exceed last year’s figures. The cumulative total net inflows into the US spot Bitcoin ETFs as of January 3 amounted to about $35.66 billion.
Rasmussen also says that Bitwise is predicting that the number of countries holding Bitcoin in their reserves will double in 2025. Some of the countries that currently hold Bitcoin reserves include El Salvador. The Central American country holds over $588.95 million in Bitcoin as of January 3.
The Bitwise head of research also shares the crypto asset manager’s bonus prediction that is expected to come to fruition further down the line.
“In 2029, Bitcoin will clear the $18 trillion gold market and trade above $1 million.”
Bitcoin has a market capitalization of about $1.917 trillion at the time of writing.
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- Bitcoin (BTC) Price Prediction: Will the Market Revisit the All-Time High of $108K?
- Jan 07, 2025 at 04:25 am
- Since the beginning of the year, Bitcoin's price has been unable to revisit its $108,230 all-time high. This has reduced the profitability of the coin's short-term holders (STHs), putting more downward pressure on its price.