- Several factors are expected to drive Bitcoin to new heights in 2025.
- But it’s not the only crypto expected to benefit from the rally.
A version of this story appeared in our The Roundup newsletter on January 3. Sign up here.
Happy New Year! Eric here.
The signs are there — 2025 is going to be a crypto rager.
That’s according to some experts DL News spoke with who expect a bull run to catapult Bitcoin to $200,000 before the end of the year, and vault altcoins to new heights.
Some of y’all may look at crypto’s performance over the holidays with scepticism about those predictions.
Bitcoin slid some 11% since its $108,000 record in December, and the stock of crypto proxy MicroStrategy is down some 40% from its all-time high. Similar drops can be spotted across crypto markets in general.
Don’t worry, Ed Hindi, chief investment officer at investment manager Tyr Capital, told Osato Avan-Nomayo this week.
“Erratic price action is not atypical of year ends across asset classes, crypto is no exception,” he said and that the wobble’s just “a short-term correction that should be quickly reversed in the first quarter of 2025.”
So what’ll drive the rally? Pretty much the same factors that saw crypto explode in 2024, but turned up to 11.
Having already seen successes with Bitcoin and Ethereum spot exchange-traded funds, Wall Street giants are already looking for other candidates that can replicate those results.
There are already applications out to launch Solana and XRP in the works.
The prospect of those applications being green lit improved after the November election.
With President-elect Donald Trump taking office on January 20, crypto is expecting Washington to become more industry-friendly.
It helps that his nominees to lead the Department of Commerce, and the Securities and Exchanges Commission — among other officials — are crypto supporters.
That’s something both traditional financial institutions as well as fintech leaders like Revolut and Robinhood are betting on as they look to expand their crypto and decentralised finance offerings in 2025.
Elsewhere there’s buzz around artificial intelligence and how it can boost blockchain technology, plus the expectations that venture capitalists will pour some $18 billion into crypto projects in 2025.
Nothing is ever certain in this industry. This is crypto after all.
For now, things are looking rather bullish.
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Post of the week
As the powers that be in Washington prep, Europe’s sweeping crypto laws are now live.
MiCA is officially live! 🇪🇺
— Patrick Hansen (@paddi_hansen) January 2, 2025
After years of consultation, heated debates, contemplated bitcoin bans, last-minute amendments, and countless votes, MiCA now (actually since Dec 30 2024) officially applies to crypto-asset issuers and service providers in the EU - even if the latter… pic.twitter.com/3ZTH0KjkIC
