Bitwise Asset Management has updated its forecasts for leading cryptocurrencies, maintaining high expectations for Bitcoin while lowering targets for Ethereum and Solana.
Bitcoin Forecast
Led by Chief Investment Officer Matt Hougan, Bitwise Asset Management reaffirms its $200K forecast for Bitcoin by 2025, attributing this decision to high institutional demand for the cryptocurrency.
Lowered Targets for Ethereum and Solana
The firm also adjusts targets for Ethereum and Solana downward, citing slower growth and weaker institutional interest in these cryptocurrencies as factors influencing these revised expectations.
Institutional Demand for Bitcoin
Institutional demand for Bitcoin continues to grow, with Bitcoin ETFs recording inflows exceeding $13.8 billion this year. Matt Hougan stated: "We're holding firm to our BTC $200K prediction, as there is simply too much institutional demand for BTC to keep prices flat for long."
The revisions in Bitwise's targets underscore the changing landscape of digital assets. While institutional interest in Bitcoin solidifies as a primary driver, assets like Ethereum and Solana face hurdles in achieving similar levels of adoption.
