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Cryptocurrency Company Bitwise, Which Manages $5 Billion, Shares Bitcoin Price Forecast for the End of 2025 and the Year 2029

The Bitwise Asset Management January 2025 Bitcoin Macro Investor Report highlights the challenges facing the cryptocurrency market but asserts that Bitcoin's strong on-chain data positions it well to outperform traditional assets in the long term. Although Bitcoin faced obstacles in December 2024, such as profit-taking and declining corporate exposure, its fundamentals remain robust, with increasing institutional interest and retail demand creating a supply gap. The report predicts that factors like the Bitcoin halving and increasing adoption as a strategic reserve asset will lead to significant price increases, with Bitcoin potentially reaching $200,000 by the end of 2025 and $1 million by 2029. Bitwise sees the current sell-off as a buying opportunity for investors.

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