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Bitwise: bitcoin will surpass gold in value by 2029

Published by Tetiana Nechet

Cryptocurrency ETF issuer Bitwise predicts that the price of Bitcoin (BTC) could reach $200k by the end of 2025, and if the US adopts a strategy to create a strategic Bitcoin reserve, it could exceed $500k. Experts also believe that by 2029, Bitcoin could surpass gold in market capitalization, which currently stands at about $17 trillion. Read more about it in the study.

Ethereum is also expected to see significant growth. Bitwise forecasts that Ether (Ethereum, ETH) will reach the $7k mark due to the growth in the use of Layer 2 solutions, an increase in flows into spot ETFs, and the active development of stablecoins and tokenized projects.

Solana (SOL) has a chance to rise by another 250% and reach $750 due to the active deployment of new projects on its platform.

Bitwise also believes that 2025 will be a defining year for the digital asset market. Institutional interest, the growth of crypto-ETFs, and new technological possibilities will create ideal conditions for the massive development of Bitcoin, Ethereum, and other well-known cryptocurrencies.

Additionally, analysts see all the prerequisites for at least five “crypto unicorns” to go public in 2025. The so-called crypto bank Anchorage Digital, analytics firm Chainalysis, and crypto exchange Figure are three other companies expected to conduct an initial public offering (IPO) next year.

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