Bitwise Sticks to $200k Bitcoin Forecast for 2025

Bitwise has reaffirmed its prediction that Bitcoin will hit $200,000 by the end of 2025, despite a mixed performance from other cryptocurrencies like Ethereum and Solana so far this year. Bitcoin achieved a new peak at $112,000 in May, supported by ETF inflows and increased institutional demand. However, Ethereum and Solana have faced challenges, delaying a potential bull run. Optimism remains toward the second half of the year with impending crypto legislation, rising institutional interest, and stablecoin adoption fueling possible gains. Bitwise continues to expect Bitcoin ETF inflows to exceed $35 billion, while stablecoin and tokenized asset targets also seem achievable if current trends persist. The firm has observed regulatory progress with changes in 401(k) crypto rules and significant crypto IPOs, indicating a growing acceptance of digital assets. Nevertheless, not all forecasts have materialized as anticipated. A predicted memecoin resurgence did not occur, and projections for Coinbase's valuation look ambitious. Yet, newfound interest among countries in holding Bitcoin suggests some hope for Bitwise's broader predictions to unfold positively.