• Bitcoin could surpass $200,000 by 2025, with potential growth to $500,000 under U.S. initiatives.
• 2025 is expected to be the “Year of the Crypto IPO” with major firms going public.

Bitwise, a prominent issuer of cryptocurrency ETFs, forecasted a wave of major crypto companies going public in the coming year.

Matt Hougan and Ryan Rasmussen shared these insights in their recent report titled ’10 Crypto Predictions for 2025′.

They highlighted that Circle, a leading stablecoin issuer, and Kraken, a well-established cryptocurrency exchange, could be key entrants to the public market.

Bitwise’s 2025 projections

Additionally, they predicted that Bitcoin [BTC] will surpass $200,000 by the end of 2025 and potentially exceed gold’s $18 trillion market cap by 2029.

Notably, Bitcoin could even reach $500,000 next year if the U.S. adopts Senator Cynthia Lummis’ proposal for a strategic Bitcoin reserve, acquiring over 1 million BTC within five years.

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