Net message from Bitwise: “Our target of 200 thousand dollars in Bitcoin is still valid”

In crypto assets, the first half of 2025 has left behind, while Bitwise Asset Management once again confirmed the price target of $ 200,000 for Bitcoin. Bitwise CIO Matt Hougan and Research Director Ryan Rasmussen used the following statement in the note sent to investors:

“Developments such as strong interest in ETFs, the increase in Bitcoin treasury companies and the US -based Bitcoin reserve support this rise.”

As in the estimates made at the end of 2024, Bitwise bases this goal with the interest of corporate investor. In May, the BTC reached a new summit with 112,000 dollars in the report, Ethereum and Solana’nın has been declining since the New Year, which has led to the downward market.

Optimism decreased in ETH and SOL

Bitwise executives, ETH and the left for the end of the new summit as of the end of the year has stepped back. However, it was emphasized that regulation developments, ETF approvals and stablecoin admission could contribute to the upward momentum for these two assets.

“We are extremely determined to rise in BTC. We are more cautious for ETH and the left, but we are hopeful, Hou said Hougan.

Estimates: ETFs, stablecoins and IPO explosion

Some other predictions made by Bitwise for 2025 are on the path of realization in the first half of the year:

Net entrances to Bitcoin ETFs: Net entrances, which are expected to exceed $ 35 billion in 2024, reached $ 13.8 billion in the first half of 2025.

Stablecoin market: Stablecoins, which have grown by 30 %to 260 billion dollars, can reach $ 400 billion by the end of the year.

Real assets to the token: This asset class, which reaches $ 25 billion, is expected to see $ 50 billion at the end of the year.

Crypto IPOs: Circle, Webull and Ethoro with large players such as crypto public offering in the United States. Bitwise’s at least 5 Unicorn public offering estimation was almost finalized.

Regulation Achievements: Coinbase and Strategy’s inclusion in S&P 500 and the NASDAQ-100 enabled Kripton to enter the passive investment portfolios.

Fiascoes: Memecoin craze faded

Some estimates ended early. Bitwise’s expectation of “Memecoin craze initiated by AI agents” was wasted with the collapse of token, such as Trump, Melania and Lıbra.

In addition, Coinbase is the most valuable intermediary institution in the world by crossing Charles Schwab and expectations such as the number of countries holding BTC from 9 to 18 are far from.

“However, the second half of the year can change a lot, H Hougan and Rasmussen emphasized. In particular, the UAE’s $ 400 million BTC reserve statement and Pakistan’s similar plans create hope.

Bitwise’s 2025 assessment reveals that corporate adoption is still the most powerful catalyst for crypto markets. However, the price pressure in assets such as Ethereum and Solana shows that all the segments of the market are not progressing at the same speed. Especially the growth in the stablecoin and tokecination areas stands out as the basic trends of this year. The second half of the year will be decisive for both prices and regulation.