Bitwise Predicts Bitcoin to Hit $200K and Coinbase to Be Added to S&P 500 in 2025

Bitwise Asset Management has set its sights on an even brighter 2025 for the cryptocurrency market, following a strong 2024 that saw significant milestones. The year has been marked by the successful launch of spot bitcoin exchange-traded funds (ETFs), a more crypto-friendly regulatory environment in the U.S. with Donald Trump’s return to office, and bullish market movements. However, according to Bitwise, the growth of the crypto market is just getting started.

In a new report, the firm has laid out 10 bold predictions for the crypto space in 2025, based on insights from their Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen. Bitwise is predicting that major cryptocurrencies will achieve new record highs, with bitcoin potentially hitting $200,000, ether rising to $7,000, and solana tripling in value to $750.

A significant contributor to bitcoin’s price surge, according to Bitwise, will be the continued growth of ETF inflows, which typically accelerate in the second year after launch. With major investment firms concluding their due diligence on these products, and with more investors becoming comfortable with bitcoin, the market could see greater institutional participation.

Additionally, Bitwise believes that changes within U.S. regulatory bodies, especially the Department of Labor, could open the door for billions of dollars in 401(k) funds to flow into crypto assets. This would further fuel the sector’s expansion. The report also highlights the potential impact of U.S. politicians’ plans to create a strategic bitcoin reserve, predicting that the number of countries holding bitcoin will double by the end of 2025.

In other areas of growth:

• Stablecoins: With clearer regulatory frameworks in the U.S. and broader fintech integration, Bitwise expects the stablecoin market to explode, potentially reaching a market capitalization of $400 billion. The increased usage in remittances, cross-border payments, and savings could be key drivers of this expansion.
• Tokenized Real-World Assets (RWAs): Wall Street’s interest in tokenizing real-world assets is expected to accelerate, with Bitwise predicting that the value of RWAs could surpass $50 billion, as traditional finance deepens its involvement in blockchain technology.
• Memecoins: Despite their volatile nature, memecoins are expected to continue their upward trajectory. AI advancements in token launches could further fuel the hype and potentially surpass the frenzy seen in 2024.
• Crypto IPOs: Several major crypto companies are poised for IPOs in 2025. Bitwise identifies firms like Circle, Kraken, Chainalysis, and Anchorage Digital as likely candidates to go public, which would bring more legitimacy and institutional investment into the crypto space.
• Coinbase’s Stock Surge: Bitwise also projects a significant rise in Coinbase’s stock price, potentially reaching over $700 per share, positioning the crypto exchange as one of the most valuable brokerages globally. This surge could lead to Coinbase’s inclusion in the S&P 500, granting even broader exposure to crypto markets.

With these developments in the pipeline, Bitwise sees 2025 as a year of transformative growth for the cryptocurrency market, fueled by institutional adoption, regulatory clarity, and the continued evolution of blockchain technology. As these trends play out, Bitwise believes the sector will continue to mature and establish itself as a critical component of the global financial system.

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