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Bitwise: BTC, ETH and SOL will continue their bullish rally in the next two years
Investment company Bitwise has announced significant growth potential for the three leading cryptocurrencies — Bitcoin BTC $104,296.37 Bitcoin -2.79% Market capitalization $2.06 trillion VOL. 24 hours $3.68 billion , Ethereum ETH $3,863.86 Bridged Ether (StarkGate) -3.45% Market capitalization $0.34 billion VOL. 24 hours $1.91 billion and Solana SOL $217.19 Solana -1.32% Market capitalization $104.07 billion VOL. 24 hours $1.26 billion - in the next two years. In its forecast, the company noted that the virtual coin market could reach new record highs due to economic changes and technological progress in the blockchain field.
According to experts, the main growth driver for Bitcoin is the expected decrease in mining rewards (halving) in 2024. This event has historically led to an increase in the value of the coin, and 2025 is likely to be the peak of the new cycle. In addition, the growing interest of institutional investors in bitcoin ETFs also supports positive market sentiment.
Ethereum, according to Bitwise, will receive an additional boost from the expanding use of decentralized applications (dApps) and DeFi platforms. The transition to the Proof-of-Stake model and expected updates, such as the integration of sharding, will make Ethereum even more attractive to investors.
Solana, on the other hand, is showing dynamic development due to its fast and cost-effective blockchain network. Experts expect that the crypto asset will play an important role in the NFT and Web3 industries, which will contribute to its value growth.
Although analysts recognize the possible risks associated with regulatory changes and the overall volatility of the crypto market, they are confident that the fundamental factors for the growth of these assets remain strong. Bitwise recommends that investors follow the news closely to take advantage of the opportunities offered by the market.