2025 could be the year crypto takes center stage, according to a bold new report by Bitwise. The investment firm predicts a surge of high-profile crypto initial public offerings (IPOs), jaw-dropping price targets for Bitcoin, and a mix of artificial intelligence (AI) with memecoins creating the next wave of digital frenzy. Let’s dive into the specifics.
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Five Crypto Unicorns Eye IPOs
Bitwise has dubbed 2025 the “Year of the Crypto IPO.” The firm expects five industry heavyweights—Circle, Kraken, Anchorage Digital, Chainalysis, and Figure—to go public. This prediction stems from growing institutional interest, favorable macro conditions, and a political environment that’s thawing towards crypto. According to Bitwise’s Matt Hougan and Ryan Rasmussen, these IPOs could set the stage for a new era of market adoption.
Bitcoin Could Hit $500K
The report’s Bitcoin forecast might seem outlandish, but Bitwise is doubling down. They say Bitcoin could soar to $500,000 if the U.S. adopts Senator Cynthia Lummis’ pitch for a national Bitcoin reserve. Even without government backing, they expect Bitcoin to hit $200,000 by 2025, surpassing gold’s market cap by 2029.
Additionally, Bitwise also predicts AI will take memecoins to unprecedented heights, citing a case where the AI chatbot Truth Terminal promoted an obscure token, propelling it to a $1.3 billion market cap.
At the time of writing, Bitcoin is sitting at $100,603.98.