The Bitwise IOC says that it is still too early to call predictions for the ups and eT of all time and Flows of all time this year.
The first half of 2025 has now ended, the asset management company checked Bitwise on several daring forecasts that it made in December in this note’s note of the company’s IOC, Matt Hougan. And although only two predictions have taken place so far, the company thinks that H2 could be when things really take off.
The greatest prediction, according to which “Bitcoin, Ethereum and Solana will reach new heights of all time, Bitcoin (BTC) negotiating above $ 200,000”, is still to be determined. BTC has reached a new summit of almost $ 112,000 in May, however, it is currently negotiated below $ 108,000 today, July 4.
Meanwhile, Ethereum (ETH) and Solana (soil) are down the year. More specifically, ETH has been negotiated at $ 2,500, down approximately 24% since the start of the year and almost 49% below its 2021 ATH, while Sol changes hands at $ 146, down 25% since January 1 and also to around 50% below its ATH price.
However, Hougan said that heavy trends are at stake that could change things in the second half of 2025. “There is a structural gap between supply and demand on the bitcoin market,” said Hougan to the Delus in the comments this week, continuing:
“So far this year, the Bitcoin network has produced around 80,000 BTC, while ETF and companies have swallowed up more than 300,000 BTC. The main reason why we expect an H2 merger is that we expect this offset of supply / demand persists, and for demand to end up exhausting the voluntary sellers. ”
He added that Bitwise also expects H2 to be a very solid period for BTC, its price still reaching $ 200,000 by the end of the year. “There is a certain reflexivity in the flows: higher prices give higher flows,” he said.
Bitwise crypto predictions underline a rapidly evolving market. Although certain predictions have taken place, it is clear that regulatory changes and institutional interest will continue to modify the landscape.
More predictions
Another Bitwise prediction that remains in the air is that the Bitcoin Spot ETF will attract more flows in 2025 than in 2024. Until now, ETFs have attracted around $ 13 billion, according to the memo, well below 35 billion dollars from last year. But sees Bit in force.
“We have seen a large number of platforms of national accounts such as Wells Fargo approving the FNB Bitcoin for their advisers in the last three months,” said Hougan to the Delus. “This is a huge source of new demand. While these advisers are starting to buy, we expect the flows to increase. ”
Bitwise’s prediction that Coinbase exceeds Charles Schwab in the evaluation seems “less likely”, according to the memo. Schwab’s market capitalization amounts to around $ 166 billion today, while Coinbase is around $ 90.6 billion. Hougan said that the gap concerned less the sub-performance of Coinbase and more on traditional finance (tradfi) catching a rear wind.
“Coinbase had a great year, up 43%, but not large enough to reduce the gap with Schwab,” said Hougan. “I think that investors have not fully understood that we are in the midst of a large -scale revolution in the operation of finance: from banking wires to stablecoins, from regulation T + 1 to token actions.”
Hougan said that Coinbase is at the center of major finance changes, and that what expects its shares to increase as more and more investors are reproducing. “We are very optimistic about the stock,” he added.
Coinbase has taken an important stage in May as the first crypto-native company to join the S&P 500 where in a few days, it was a powerful of the index, despite criticism from the cryptographic industry after news was announced, it had undergone a violation of data.
Crypto Giant Circle, issuer of the second largest internship in the world, became a public last month in a successful IPO in which he collected more than $ 1 billion, but left an additional $ 1.7 billion on the table.
