Bitwise’s 2025 Forecast: Bitcoin Hits $200K, Coinbase Added to S&P 500

Bitwise Asset Management has forecasted that 2025 will be an even more remarkable year for the cryptocurrency market than 2024, a year that already witnessed major milestones. With the successful launch of spot bitcoin exchange-traded funds (ETFs), a more favorable regulatory environment for crypto in the U.S. under the potential second term of former President Donald Trump, and the overall bullish trend in prices, 2024 has been a significant year for digital assets.

However, according to Bitwise’s latest report, the sector’s growth will continue accelerating in 2025. The firm outlined 10 key predictions, authored by Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen. Among the predictions, Bitwise anticipates that all major cryptocurrencies will reach new all-time highs. Bitcoin is projected to hit $200,000, while ether will reach $7,000 and solana will see a rise to $750, more than three times its current price.

Bitwise’s forecast for bitcoin’s surge is largely attributed to the continued inflow into ETFs, which are expected to surpass 2024’s already impressive figures. The firm notes that ETFs generally see increased investment in their second year, and with large institutions now completing their due diligence, they predict that investors will feel more confident in increasing their bitcoin exposure.

Another factor contributing to bitcoin’s rise could be the U.S. Department of Labor’s softened stance on crypto. This could allow billions of dollars to flow into digital assets from 401(k) plans. Additionally, Bitwise predicts that a proposed strategic bitcoin reserve, spearheaded by U.S. politicians, could trigger a bitcoin “arms race,” driving further price increases. The firm estimates that the number of countries holding bitcoin will double in 2025, from nine to eighteen.

Other Predictions for 2025

Bitwise also expects the stablecoin market to thrive in 2025, with clearer regulations in the U.S., integrations in fintech, and increasing demand pushing the market capitalization to $400 billion, double its current size. Tokenized real-world assets (RWAs) are also predicted to experience explosive growth, potentially reaching over $50 billion as Wall Street continues to engage with this emerging asset class.

The memecoin trend is set to continue in 2025, with AI-driven technologies making it easier to launch new tokens. Bitwise suggests that the memecoin mania in 2025 could surpass the frenzy witnessed in 2024.

In addition, several crypto companies are likely to go public in 2025, with Bitwise naming Circle, Figure, Chainalysis, Kraken, and Anchorage Digital as potential candidates. As for Coinbase (COIN), Bitwise projects that its stock could rise above $700 per share, more than double its current valuation, positioning it to overtake Charles Schwab as the most valuable brokerage in the world.

Bitwise also suggests that Coinbase’s growth could lead to its inclusion in the S&P 500, a move that would provide further exposure to the crypto industry for mainstream U.S. investors. Along with potential Nasdaq 100 inclusion for MicroStrategy, this could further cement crypto’s presence in traditional investment portfolios.