Crypto News- In a recent analysis, experts at Bernstein have made an intriguing projection for the cryptocurrency market, envisioning a staggering surge to $7.5 trillion in total market capitalization by the end of 2025. This bold forecast hinges on what they term as “unprecedented” institutional adoption of cryptocurrencies.
According to Gautam Chhugani and Mahika Sapra, analysts at Bernstein, key players like Bitcoin, the Ethereum ecosystem, and promising blockchains such as Solana and Avax, are expected to drive this growth. They predict Bitcoin alone could reach a market cap of $3 trillion by 2025, followed by Ethereum at $1.8 trillion, and other leading blockchains contributing $1.4 trillion collectively. Interestingly, they foresee blockchain gaming emerging as a significant consumer attraction, labeling it as the “consumer killer app.”
2025 Crypto Forecast: Bernstein Envisions 7.5 Trillion Dollars Market Cap
The analysts also weighed in on the future of U.S. spot bitcoin exchange-traded funds (ETFs), anticipating a substantial rise in assets under management from the current $60 billion to a whopping $300 billion by 2025. Additionally, they expressed optimism regarding Robinhood’s prospects, attributing an outperform rating to the stock with a price target of $30, largely due to its association with the crypto resurgence.
With expectations of a remarkable crypto cycle between 2024-2025, Robinhood, boasting a user base of 11 million active traders, is forecasted to witness a ninefold increase in crypto revenues. This surge is projected to be instrumental in flipping its financials from a 2023 loss of $541 million to a net income of approximately $910 million by 2025.
Market reactions are already evident, with Robinhood’s stock experiencing significant gains, closing at $17.16 on Wednesday, marking a 46% increase over the past month. Meanwhile, the GM 30 Index, reflecting the top 30 cryptocurrencies, saw a modest 0.5% rise over the last 24 hours.
In an earlier analysis, the Bernstein team highlighted Bitcoin miners as a promising equity proxy, aligning with their bullish outlook on Bitcoin’s trajectory toward an ultimate price target of $150,000 within this cycle.
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