Bitwise has projected Bitcoin could surge to $200,000 by 2025, citing institutional adoption and market legitimization as core drivers. The asset manager attributes this predicted growth to Bitcoin’s fixed supply scarcity and the catalytic impact of spot Bitcoin ETFs, which are channeling unprecedented institutional capital into the cryptocurrency.
This institutional demand is viewed as a critical accelerator for Bitcoin’s appreciation, potentially enhancing market liquidity and stability. Bitwise emphasized that growing corporate and institutional participation reinforces Bitcoin’s position as a mature asset class while reducing historical volatility patterns.
Conversely, Bitwise expressed tempered optimism about Ethereum and Solana replicating Bitcoin’s trajectory. Ethereum faces scalability limitations and regulatory uncertainties that could hinder its progress despite its foundational role in decentralized finance and NFTs. Solana contends with network reliability concerns due to past outages and intensifying competition among Layer 1 blockchains, challenging its long-term growth prospects.