BTC Price Predictions 2025: New ATHs for Bitcoin, Ether, and Solana, Says Bitwise

With the highly successful introduction of spot bitcoin exchange-traded funds, the U.S. crypto regulatory situation looking much rosier now

2024 was a big year for crypto, with the introduction of spot bitcoin exchange-traded funds (ETFs), improving U.S. crypto regulatory outlook and bullish price action.

But 2025 could be even bigger, according to Bitwise Asset Management.

The company, which specializes in developing crypto investment products, laid out 10 crypto predictions for the year to come in a report released Wednesday. The predictions were penned by Bitwise Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen.

The report's first prediction is that all major cryptocurrencies will set new record highs.

Bitcoin will push to $200,000, Bitwise said, while ether will hit $7,000 and solana will more than triple to reach $750.

According to Bitwise, bitcoin's rise will be fueled by even bigger ETF inflows than in 2024.

That's a bold statement considering the success of the ETFs already, but the team noted that it's not unusual for ETFs to take in larger flows in year two versus year one. They also pointed out that major wirehouses are only now finishing up their due diligence on the products and investors are feeling more comfortable increasing their exposure to bitcoin.

There's also the possibility that the U.S. Department of Labor won't be so adversarial towards the sector anymore, which according to Bitwise could enable tens of billions of dollars to flow into crypto assets from 401(k) plans.

And a potential bitcoin arms race — kicked off by U.S. politicians’ plans to constitute a strategic bitcoin reserve — would certainly help move the price upwards. Bitwise predicted that the number of countries holding bitcoin will double in 2025, going from nine to eighteen.

Other possibilities for 2025, according to Bitwise:

Stablecoins will likely benefit from clear legislation in the U.S. and fintech integrations, as well as rising prices, and double their market capitalization to reach $400 billion.

Meanwhile, tokenized real-world assets (RWAs) could see their value shoot past $50 billion as Wall Street continues to integrate into the sector.

And the 2025 memecoin mania could even top this year's, as AI agents are making it easier than ever to launch tokens.

Crypto companies will also have a good year, Bitwise predicted.

A host of crypto companies could launch initial public offerings (IPOs), Bitwise said, with stablecoin issuer Circle, crypto lending firm Figure, on-chain data company Chainalysis, crypto exchange Kraken and crypto custodian Anchorage Digital being the most likely to do so.

Already public for several years, crypto exchange Coinbase (NASDAQ:COIN) CCOIN could see its stock top $700 per share, or more than double the current level, Bitwise said, which would mean it surpasses Charles Schwab as the most valuable brokerage in the world.

Furthermore, Bitwise said that could lead to Coinbase being included in the S&P 500. Together with MicroStrategy's (NASDAQ:MSTR) likely inclusion into the Nasdaq 100, that could mean that almost every U.S. investor will have exposure to crypto through these investment vehicles.