Crypto Market Outlook: VanEck Issues 10 Predictions, Including Bitcoin Nearing $200,000
15 Dicembre 2024 - 3:30AM
NEWSBTC
As speculation swirls around the future trajectory of Bitcoin (BTC)
and the broader cryptocurrency market, asset management firm VanEck
has released a set of predictions that bolster optimism for
continued upward momentum. VanEck Forecasts Bitcoin Soaring
To $180,000 VanEck predicts that the crypto bull market will reach
a “medium-term peak” in the first quarter of 2025, followed by new
all-time highs by the year’s end. The firm estimates Bitcoin could
soar to approximately $180,000, while Ethereum (ETH) may exceed
$6,000, Solana (SOL) could surpass $500, and Sui (SUI) might reach
over $10. The report further suggests that the United States will
begin to embrace Bitcoin as a strategic reserve asset, as
President-elect Donald Trump promised, anticipating an increase in
overall crypto adoption. Related Reading: Australia’s Biggest
Pension Fund Makes Historic $17M Bitcoin Investment, A National
First With anticipated changes in leadership at the Securities and
Exchange Commission (SEC), numerous spot crypto exchange-traded
products (ETPs) are also expected to be approved. This includes
Ethereum ETPs featuring staking options, as well as in-kind
transaction capabilities for both Bitcoin and Ethereum. Per the
report, the asset manager forecasts that the value of tokenized
securities will exceed $50 billion in the coming months, following
a 61% growth to $12 billion throughout this year. Most of
this value currently resides on permissioned chains, but 2025 is
expected to be a breakthrough year, particularly as organizations
like the Depository Trust & Clearing Corporation (DTCC) explore
bridging public and private blockchains. The firm projects that
stablecoins will revolutionize payment systems, with daily
settlement volumes potentially tripling to reach $300 billion by
the end of 2025. This growth, driven by increased adoption in
global commerce, remittances, and integration with major technology
and payment networks, would position stablecoins to handle
transactions equivalent to 5% of DTCC’s daily volumes. DeFi To Hit
All-Time Highs Another intriguing prediction is the rise of one
million new AI agents, which VanEck describes as “digital workers”
that autonomously execute tasks or make decisions. These agents are
expected to generate significant on-chain activity as they expand
their roles beyond decentralized finance (DeFi) into areas such as
social media, gaming, and consumer applications. VanEck anticipates
that Bitcoin Layer-2 solutions will accumulate a total value locked
(TVL) of 100,000 BTC, building on an impressive 600% growth in 2024
that brought the TVL to 30,000 BTC. The report forecasts that
Ethereum’s blob space will generate $1 billion in fees, spurred by
the rapid adoption of Layer-2 solutions, rollup optimizations, and
high-fee use cases such as tokenized assets and enterprise
applications. VanEck predicts that decentralized finance (DeFi)
will hit all-time highs, with decentralized exchange (DEX) volumes
reaching $4 trillion and total value locked in DeFi rising to $200
billion. This growth will reportedly be fueled by AI-related
tokens, consumer-facing decentralized applications (dApps), and the
tokenization of assets that drive liquidity and user adoption.
Related Reading: Solana Price On The Rise: Key Resistance At $235
Could Spark Major Breakout The non-fungible token (NFT) market is
expected to rebound, with trading volumes projected to reach $30
billion in 2025. Despite recent downturns, standout projects like
Pudgy Penguins and Miladys have managed to thrive by leveraging
strong community ties and transitioning into consumer brands.
Finally, VanEck forecasts that decentralized application (dApp)
tokens will narrow the performance gap with Layer-1 tokens. In
2024, Layer-1 blockchain tokens outperformed dApp tokens by a
factor of two, but innovative dApps in artificial intelligence and
Decentralized Physical Infrastructure Networks (DePIN) are
anticipated to drive a shift in performance dynamics. At the time
of writing, the market’s leading crypto has managed to reclaim the
$101,820 level, recording a 2% increase in the 24-hour time
frame. Featured image from DALL-E, chart from TradingView.com
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