On June 30, 2025, a good asset administration firm, Bitwise, launched a Mid-12 months Scorecard doc, containing predictions for the second half of the 12 months and analyzing how appropriate they have been in regards to the first half of 2025 in December 2024. In response to Bitwise, the Bitcoin value will attain $200,000, whereas ETH and SOL is not going to get new highs within the the rest of 2025.
The doc, penned by the Bitwise CIO Matt Hougan and head of analysis Ryan Rasmussen, is the follow-up to the December 2024 textual content wherein the authors made “bold predictions” about 2025. Now they analyze whether or not they have been proper or not and supply extra predictions for the second half of 2025.
Bitcoin’s, Ether’s, and Solana’s new all-time highs
In December 2024, Bitwise’s consultants predicted that Bitcoin would attain $200,000 in 2025. They turned out to be appropriate that the BTC value will get a brand new all-time excessive. Nonetheless, it was solely $112,000 in Could, not $200,000.
The explanations for the expansion cited by Bitwise embrace the sturdy ETF flows, hefty Bitcoin purchases by treasury firms, and the creation of the U.S. Bitcoin stockpile. Hougan and Rasmussen reaffirm their optimism on Bitcoin, saying they’re nonetheless certain the primary cryptocurrency goes to achieve $200,000 by the tip of the 12 months, citing pro-crypto efforts of the Trump Administration 2.0, excessive institutional demand, and the rise of stablecoins as elements that may contribute to the BTC value progress.
As for Ether and Solana reaching new ATHs in 2025, Bitwise consultants reversed their expectations, saying that they aren’t that assured anymore. They see hope in stablecoin ETFs approvals and the rise of SOL and ETH treasury firms (which we don’t see but).
Bitcoin ETFs inflows progress, RWA tokenization hitting $50 billion, and different bets
Bitwise predicted that 2025 will outperform 2024 by way of Bitcoin ETF inflows. 2024 noticed $35 billion in Bitcoin ETF inflows. This 12 months noticed solely $13 billion. Nonetheless, Bitwise consultants are certain they have been appropriate, because the variety of platforms supporting Bitcoin ETFs retains rising.
As tokenization has actively been adopted in varied nations all through the primary half of 2025, Bitwise consultants verify they nonetheless imagine that the worth of tokenized real-world belongings (like actual property) will cross the $50 billion mark this 12 months. In the course of the first half of the 12 months, this quantity grew from $13 billion to $25 billion.
In December 2024, Bitwise predicted that the variety of nations holding Bitcoin would double, going from 9 to 18. Whereas it didn’t occur, Hougan and Rasmussen imagine that Bitcoin accumulation by nations is going on in secret, and the development of Bitcoin reserves will proceed.
In 2024, Hougan and Rasmussen claimed that the stablecoins’ AUM will attain $400 billion in 2025. Now, they imagine that this quantity was too excessive, nevertheless, in accordance with them, the precise quantity will probably be shut because the GENIUS act adoption (for which they hope) and stablecoin enhance by Mastercard with its 150 million retailers throughout the globe will propel stablecoins’ AUM up from the present $230 billion stage.
Bitwise admitted its mistake in betting that Coinbase would outperform Charles Schwab as probably the most useful brokerage in 2025. Now, Bitwise claims such an consequence is unlikely. Nonetheless, they turned out to be appropriate about predicting that Coinbase would enter the S&P 500 in 2025.
One other prediction from 2024 that turned out to be a mistake, Bitwise acknowledged, is that the AI memecoin mania will proceed in 2025 and will probably be even stronger than in 2024. Now Bitwise says with the downfall of LIBRA, Official Trump, and MELANIA, the memecoin and AI coin craze has taken a break.
Reservations about a few of the Bitwise predictions
Whereas Bitwise cites the D.C. efforts on clearing the best way for cryptocurrencies in America because the issue that may push the BTC Value up, this path has been bumpy. Lately, crypto lobbyists within the administration did not push crypto-friendly amendments to the “big, beautiful tax bill.” Earlier, a fierce battle between Republicans and Democrats surrounded the efforts to set a framework for stablecoin regulation.
The creation of the Strategic Bitcoin reserve turned out to be such a disappointment for the crypto fans that it didn’t even ignite the market. Whereas the reserve creation was declared, it meant solely conserving bitcoins acquired via seizing. New purchases of bitcoins through funds cash are forbidden, that means that the reserve progress prospects are nonetheless unclear. On high of that, though the audit of the seized bitcoins was mentioned, the federal government didn’t present any outcomes of that, leaving most people unsure whether or not over 200,000 bitcoins are literally owned by the U.S. and saved correctly.
The efforts of Sen. Cynthia Lummis, who advocated for spending cash to purchase a minimum of 1,000,000 bitcoins for the strategic reserve, failed identical to her work to incorporate crypto-friendly tax cuts within the new invoice.
It’s laborious to say if these info overshadow all of the constructive steps, just like the SEC dropping Biden-era circumstances towards enormous crypto firms and the overall pro-crypto stance of the Trump Administration.
