The author discusses Bitwise's predictions for the crypto market in 2025, specifically focusing on their forecast that 2025 will be the year of the crypto IPO. The author mentions that while Circle, a stablecoin issuer, filed a draft for its IPO earlier this year, there has been no movement on its IPO yet. Bitwise also includes Figure, Kraken, Anchorage, and Chainalysis as potential crypto firms to go public. The author notes that more crypto companies going public could be positive for retail investors, as it would allow them to engage with the space without fully diving in and build trust. Additionally, going public would provide investors with previously undisclosed metrics and unlock capital.



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