“A very solid semester is coming,” says Matt Hougan and Ryan Rasmussen.
The growing institutional adoption promotes Bitcoin prices and cryptocurrencies.
Bitwise, a digital asset management firm, predicts that Bitcoin (BTC) and two of the main cryptocurrencies, Solana (Sol) and Ether (ETH), the native cryptocurrency of Ethereum, will reach new historical maximums in the second semester of the year.
Matt Hougan, Bitwise Investment Director, and Ryan Rasmussen, head of research, stressed: “We are optimistic and we believe that the panorama is consolidating for a very solid second semester.”
For that reason, they project that The BTC price will reach $ 200,000since the institutional demand for the currency created by Satoshi Nakamoto is “excessive to keep stable prices for a long time.”
This is because more and more companies are accumulating BTC in their treasury as a reserve asset. To do this, they are implementing the strategy designed by Michael Saylor, the Strategy CEO, who issues debt through convertible bonds or actions to finance BTC’s purchases without relying on their operational income.
It should be noted that 850,000 BTC, which represents about 4% of the maximum supply of 21 million BTC, are currently held by companies that are quoted in the stock market. To this figure are added about 290,878 BTC – equivalent to 1.34% of the total – that are in the hands of private companies.
As for ETH and Sol, specialists are aware that this years have not been highlighted, but they believe that “the growing interest in the stablecoins, the approval of the funds quoted in the stock market (ETF) and the appearance of ETH and Sun treasury companies will promote prices considerably upward.”
As cryptootics reported, several companies are analyzing the possibility of forming strategic sun and digital currency of Ethereum, with the aim of generating extra income from the staking offered by these networks. This strategy would allow companies to obtain passive returns on their holdings.
On the other hand, specialists mention stable currencies for the possible approval of the National Innovation Orientation and Establishment Law, better known as Genius Law, which seeks to integrate Stablecoins into the traditional financial system through a clear regulatory framework. Its objective is to ensure that each one is supported in a 1: 1 proportion with the dollar, protecting users and promoting confidence in these digital assets.
This scenario represents an opportunity for Solana but, above all, for Ethereum. Currently, the network created by Vitalik Buterin houses most of the volume of Stablecoins and is emerging as the main beneficiary of this standardwhich could become a catalyst for the price of ETH.
Currently, Ethereum has a dominance in stable currencies of 49.89%, which represents a total of 126,000 million dollars, as observed in the following graphic of Defill. Solana represents 4.16% of this market, with approximately 10,000 million dollars in circulation.
Specialists also mention the possible approval of the Solana ETF in the United States. As cryptootics has reported, there are high probabilities that this week debut in the market the fund managed by Rex Financial and Osprey Funds. This investment fund includes exposure to Solana Staking, a functionality that can attract more investors as it allows to generate passive income.
The launch of these products promotes the underlying assets, since The entry of institutional capital through the ETF directly increases the demand for sun in this case.
Although there is no precise price prediction for ETH and Sun, Bitwise’s specialists anticipate that ETH could exceed their historical maximum of $ 4,890, while Sol will exceed 294 dollars, its ATH reached in January 2025.
