2025 will be crypto’s best year ever – Steno Research
In the year Expect 2025 to be the best year ever for the cryptocurrency market, with Bitcoin (BTC) and Ether (ETH) both hitting all-time highs, among other possible “impressive positive developments,” Steno Research said in a research note.
Steno Research predicts that BTC's and ETH's spot prices will exceed $150,000 and $8,000 respectively. According to the December research note, the analysts are “more optimistic about the upcoming altcoin season.”
The BTC and ETH price forecasts “reflect an unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic climate of interest rates and improved liquidity, and a historically strong post-Bitcoin-halving performance,” the report said.
“On top of that, institutional adoption is expected to reach unprecedented levels.”
Steno expects BTC and ETH exchange-traded funds (ETFs) to see net revenues of $48 billion and $28.5 billion by 2025, respectively.
Source: Steno Research
Related: Grayscale Adds AI Launchpads, Solana DeFi Apps to Q1 2025 Top Tokens
Altcoin period
Ether is poised to do particularly well in 2025, significantly outperforming bitcoin, Steno said. By 2025 Steno expects the ETH/BTC ratio to reach “at least 0.06”. According to TradingView, it is almost double the current rate of around 0.035.
This will lead to a broader alternative cryptocurrency – or “altcoin” – period in 2025, when, according to the report, the dominance of Bitcoin will decrease from the current level of approximately 57% to 45%.
Bitcoin dominance measures BTC's overall market capitalization of crypto.
Steno's prediction is based, in part, on the argument that Donald Trump's US presidential victory is more favorable to altcoins than Bitcoin.
A Trump presidency will “encourage a stronger onchain movement that will greatly benefit altcoins like Ethereum and Solana,” Steno said.
The total value of decentralized applications is expected to reach $300 billion by 2025, surpassing the peak of $180 billion in 2021, according to the report.
The total value locked in DeFi protocols is predicted to reach $300 billion. Source: Steno Research
Trump pump
Others, including asset manager Greyscale, are similarly optimistic. In December, Grayscale added several decentralized finance (DeFi) applications, including two on Solana, to its list of the top 20 tokens to watch in the first quarter of 2025.
Grayscale cited the warming US policy environment as a key factor. Trump has promised to appoint industry-friendly leaders to key regulatory agencies and make the US the “crypto capital of the world.”
“In the U.S., with a Trump victory, I'm very worried that the U.S. will become the global leader in space by the end of the year,” Raj Brahmbhat, CEO of Web3 settlement company Zebu, told Cointelegraph in December.
Magazine: Bitcoin payments are being undermined by a centrally stable coin.
