tl;dr
Bitwise CEO Hunter Horsley predicts 2025 as a significant year for Bitcoin, expecting increased ETF inflows, corporate buying, and nation-state adoption. He anticipates regulatory clarity and more credible figures expressing support for Bitcoin. Additionally, recent data suggests fresh accumulation ...
Bitwise CEO Hunter Horsley predicts 2025 as a significant year for Bitcoin, expecting increased ETF inflows, corporate buying, and nation-state adoption. He anticipates regulatory clarity and more credible figures expressing support for Bitcoin. Additionally, recent data suggests fresh accumulation of Bitcoin and bullish sentiment for Ethereum among whales.
Horsley expects to see more Bitcoin ETF inflows as well as more corporate buying. Moreover, he expects more nation-states to embrace the largest cryptocurrency as well. On top of that, regulators are in the process of creating "productive clarity," according to the Bitwise head.
"And, you're going to see more reputable people revealing their conviction in Bitcoin," he added.
Bitcoin's price action and on-chain fundamentals have been underwhelming as of late, prompting some pundits to suggest that the bull market might be over. That said, the leading cryptocurrency by market capitalization is currently experiencing fresh accumulation, according to data provided by Spot On Chain.
A newly created wallet recently withdrew a total of 568.74 BTC (roughly $55 million) from the Binance exchanges at an average price of roughly $96,769. This could be potentially interpreted as a bullish signal for the leading cryptocurrency. Meanwhile, according to data provided by analytics firm Lookonchain, whales also appear to be bullish on Ethereum (ETH).