The $200,000 Target for Bitcoin is Still on the Table: Bitwise Lowers ETH and SOL Predictions! - Coin Bulletin

Bitwise remains committed to a target of $200,000 for Bitcoin (BTC) by the end of 2025 due to strong institutional demand, while being more cautious regarding the prices of Ethereum (ETH) and Solana (SOL).

The US-based major crypto asset management firm Bitwise has revised its price forecasts for 2025. According to the report prepared by the company's Chief Investment Officer Matt Hougan and Research Director Ryan Rasmussen, after Bitcoin reached an all-time high of 112 thousand dollars in May, the markets are experiencing a general recession due to the effects of macro risks. Bitwise believes that the continued interest of institutional investors and strong inflows into Bitcoin ETFs will support the price.

In contrast, the company does not share the same optimism for Ethereum and Solana. In the Bitwise report, they pointed out that ETH and SOL have remained in negative territory since the beginning of the year, stating that they are not confident that these altcoins will reach new highs.

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Is there hope for ETH and SOL?

Bitwise emphasized that, although it is more cautious about Ethereum and Solana, the increase in stablecoin usage, ETF approvals, and companies accepting ETH and SOL as reserve assets could lead to a resurgence for these assets. However, the company does not yet hold strong expectations for Bitcoin in this regard.

On the other hand, Bitwise's other prediction regarding Bitcoin ETFs is still valid. The company believes that the total capital flow of $35 billion entering ETFs in 2024 will be surpassed this year. The inflows that occurred in the first half of the year are currently at $13.8 billion. This situation strengthens the expectation that institutional interest will increase further in the second half of the year.