- Bitcoin’s $200K goal still stands, with ETFs and institutional demand doing the heavy lifting.
- Ethereum and Solana had a weak H1, but regulation, treasuries, and stablecoin momentum could revive them.
- Stablecoin market is booming — up 30% to $260B, and poised for more if the GENIUS Act becomes law.
Despite a sluggish first half for some major altcoins, Bitwise isn’t flinching. In a fresh Tuesday update, execs at the investment firm say they’re sticking to their bold prediction — Bitcoin could still smash through $200,000 by the end of 2025. Yeah, that number might sound wild, but they’ve got reasons, and they’re not backing down.
Co-authors Matt Hougan and Ryan Rasmussen, both key figures at Bitwise, pointed to strong institutional demand and the rising influence of Bitcoin ETFs as central drivers. BTC hit $112,000 back in May — a record high — and according to them, that’s only the beginning. Treasury firms are buying. ETFs are inflowing. Momentum’s building.
“We’re not changing our minds,” they wrote. “Too much demand, too little supply. Prices can’t stay stuck for long.”
ETFs and Altcoins: The Bigger Picture
Bitwise also mentioned that U.S.-based Bitcoin spot ETFs might beat their $35 billion 2024 inflow record, especially with more asset managers and wirehouses jumping on board. With nearly $13 billion already in the bag from just the first half of this year, that goal doesn’t seem too far-fetched.
Now, Ethereum and Solana? Different story. Bitwise admits both ETH and SOL kinda underperformed in H1 — slow growth, no new all-time highs, a bit of a drag. Macroeconomic factors, mostly. Still, they’re not ready to count altcoins out just yet.
Stablecoins Steal the Show (For Now)
Hougan and Rasmussen shifted focus to something else entirely: stablecoins. That part of the crypto space has quietly been booming, with assets under management jumping 30% to hit $260 billion this year. If that pace holds, we could see even bigger milestones by the time 2026 rolls around.
But here’s what really got them excited — the GENIUS Act. It’s a new piece of legislation that just cleared the U.S. Senate, aimed squarely at providing regulatory clarity for stablecoins. Throw in some major interest from players like Mastercard, JPMorgan, and BofA, and it’s clear something’s brewing.
If the bill gets signed into law, Bitwise believes it could pave the way for much broader institutional adoption. And with stablecoin clarity might come more confidence in the rest of the altcoin space, too.
“It’s like all the ingredients for a rally are stacking up,” the execs wrote. “We’re bullish on the second half.”
