Steno Research anticipates that 2025 will mark a significant milestone for the cryptocurrency market, projecting that Bitcoin will reach $150,000 and Ether will climb to $8,000. The outlook includes an optimistic forecast for an impending altcoin season, facilitated by favorable regulatory conditions, declining interest rates, improved liquidity, and historical trends following Bitcoin halving events.
The expectation of substantial institutional adoption is also a key driver, with U.S.-based Bitcoin and Ethereum exchange-traded funds (ETFs) predicted to receive net inflows of $48 billion and $28.5 billion, respectively. Ethereum, in particular, is expected to excel, with its performance relative to Bitcoin projected to increase significantly, fostering a thriving altcoin market.
Steno’s analysis suggests that the political landscape, specifically the re-election of Donald Trump as U.S. President, could benefit altcoin growth by promoting increased onchain activity. The report foresees the total value locked in decentralized applications soaring to $300 billion, surpassing previous highs.
Grayscale, an asset management firm, share Steno’s positive outlook, highlighting the warming U.S. policy environment as a key factor. The firm has identified several decentralized finance (DeFi) applications, especially on the Solana network, as tokens to watch in early 2025. With the potential shift in regulatory attitudes under Trump’s administration, the U.S. could emerge as a global leader in the crypto industry.
