The asset management giant Bitwise has recently predicted an array of new timelines and forecasts concerning the cryptocurrency domain. As the current Web3 domain gears up for meteoric changes, the asset management firm took to X to share some staggering forecasts, going a mile ahead to claim that Bitcoin is poised to trade above $1M by the year 2029.
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Bitwise Predictions: Bitcoin To Overtake Gold, Coinbase Stock To Trade Above $700
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The asset management giant Bitwise has made a series of new predictions, speculating that the cryptocurrency market will undergo a massive change in the coming years. As 2024 approaches its end, Bitwise predicted a series of new events and timelines that have set the speculatory whims to run on turbo mode.
According to Bitwise, Bitcoin is poised to trade above $200,000 in 2025. In addition, Bitcoin ETFs are set to attract more momentum and traction next year, inviting more user influx and funds.
“Bitcoin will trade above $200,000.Bitcoin ETFs will attract more flows in 2025 than they did in 2024.”
Apart from this, the financial behemoth predicted how Coinbase stock can trade above $700, alongside a minimum of 5 crypto unicorns going public in the US.
“Coinbase stock will trade above $700 per share. At least five crypto unicorns will go public in the U.S.”
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BTC Usage To Double Over Next Year
Furthermore, Bitwise also streamlined Bitcoin’s nationwide usage and growth, adding how countries may adopt BTC at a more rapid pace. The firm’s forecasts include countries holding BTC doubling next year. The firm also predicted that Coinbase and Microstrategy would mark their debuts under the S&P and Nasdaq 100 indexes next year.
“Tokens launched by AI agents will spearhead a meme coin mania. The number of countries holding Bitcoin will double. Coinbase will enter the S&P 500, and MicroStrategy will enter the Nasdaq-100.”
Bitwise also predicted how stablecoin assets might double to $400 billion, with the tokenized RWA market exceeding $40 billion.
“The U.S. The Department of Labor will relax its guidance against crypto in 401(k) plans. Stablecoin assets will double to $400+ billion. The tokenized RWA market will reach $50 billion.”
In one of their striking predictions, Bitwise shared how Bitcoin will overtake the ambitious gold market and may trade above $1M by the year 2029.
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“BONUS: In 2029, Bitcoin will overtake the $18 trillion gold market and trade above $1 million.”
