Bitwise, a well-known provider of cryptocurrency ETFs, has predicted a significant rise in the number of major cryptocurrency companies going public in the upcoming year.
In a recent publication titled ’10 Crypto Forecasts for 2025,’ Matt Hougan and Ryan Rasmussen shared their observations and outlook for the market.
They singled out Circle, a prominent stablecoin issuer, and Kraken, a long-standing cryptocurrency exchange, as potential candidates for entering the public trading arena.
Bitwise’s Projections for 2025
Furthermore, they forecasted that the value of Bitcoin [BTC] could exceed $200,000 by the conclusion of 2025, potentially even surpassing gold’s market cap of $18 trillion by 2029.
There is also a possibility of Bitcoin reaching $500,000 in the following year if the U.S. were to adopt Senator Cynthia Lummis’ suggestion of creating a strategic Bitcoin reserve, aiming to accumulate more than 1 million BTC within five years.
Even without such a reserve, they noted that Bitcoin’s potential to outshine gold remains substantial.
Meanwhile, U.S.-based spot Bitcoin ETFs, which have already witnessed a net inflow of $33.6 billion this year, are expected to double beyond the projected upper limit of $15 billion.
Hougan and Rasmussen mentioned, “We anticipate that the inflows in 2025 will surpass the current numbers.”
This is driven by the gradual increase in Bitcoin allocations by institutional investors to 3%, with major financial institutions expected to participate in the market in 2025.
2025: A Potential Year for Crypto IPOs
Looking ahead, Hougan and Rasmussen envision 2025 as the “Year of the Crypto Initial Public Offering,” fueled by a combination of favorable conditions.
They anticipate that notable cryptocurrency firms like Anchorage Digital, Chainalysis, and Figure will make their stock market debut, reflecting a growing interest from investors and an expanding level of involvement.
They stressed that an improved economic environment and a more crypto-friendly political climate would be instrumental in prompting this wave of public offerings.
Performance Outlook for Altcoins in 2025
Regarding the broader cryptocurrency market, Ethereum [ETH] is forecasted to bounce back to $7,000, driven by the increased activity in Ethereum Layer 2, the inflow of spot Ether ETFs, and the rapid expansion of stablecoins and tokenized projects.
Similarly, Solana [SOL] is poised to experience significant growth, with its price expected to surge to $750, attributed to the launch of impactful initiatives.
Finally, the stablecoin market is projected to double to $400 billion, primarily due to the enactment of U.S. stablecoin regulations, signifying a transformative year for the cryptocurrency ecosystem.