The Year Ahead: 10 Crypto Predictions for 2025 (Bitwise)

Summary

• Spot bitcoin ETFs gathered $33.56 billion in assets following their launch in the U.S. in 2024.p.3
• Bitwise sets price targets of $200,000 for Bitcoin, $7,000 for Ethereum, and $750 for Solana for 2025.p.5
• Coinbase stock is predicted to trade above $700 per share in 2025, making it the most valuable brokerage in the world.p.9
• The number of countries holding bitcoin is expected to double in 2025 from the current total of 9 countries.p.15
• Stablecoin assets are predicted to double to $400 billion or higher as U.S. legislation passes.p.21
• The market value of tokenized real-world assets (RWAs) is expected to reach $50 billion in 2025, up from $13.7 billion.p.23

Key insights

1. Bitcoin soared to an all-time high of $103,992 in 2024, while Solana gained 127.71% and XRP rose 285.23%.p.3
2. Bitcoin ETFs are expected to attract higher inflows in 2025 than the $33.6 billion gathered in 2024.p.7
3. At least five crypto unicorns, including Circle, Figure, Kraken, Anchorage, and Chainalysis, are projected to go public in the U.S. in 2025.p.11
4. Autonomous AI agent Clanker deployed more than 11,000 tokens and generated over $10.3 million in fees in under a month.p.13
5. Coinbase entering the S&P 500 could generate approximately $15 billion in mandatory stock purchases from index-tracking funds.p.17
6. Softening U.S. Department of Labor guidance could open up 401(k) plans holding $8 trillion in assets to crypto allocation.p.19
7. Stablecoin transaction volume of $8.3 trillion in 2024 approached Visa's payment volume of $9.9 trillion over the same period.p.21