2024 marked a breakthrough year for Bitcoin – with a 150% price increase, surpassing silver’s market capitalization, and gaining prominence in the American political landscape. Without doubt, 2025 promises to be one of the most interesting years for Bitcoin adoption. Below, we present our predictions for 2025, hoping that by December 2025, we can look back and confirm that most of these have become reality. Happy holidays!
1. Bitcoin reaches 20% of gold market capitalization – approx. $180,000 per BTC
In 2025, we expect Bitcoin to further position itself as a strategic financial asset, driven by policy changes in the United States and increasing international adoption. The recent election of Donald Trump has ended anti-crypto measures in Washington. The new administration, with pro-Bitcoin leaders in key positions within the Treasury Department, SEC, and CFTC, opens the doors for structural integration of digital assets. This development is strengthened by initiatives such as the ability for American workers to include Bitcoin in their 401(k) plans through major pension providers (like Fidelity Investments), a market with a size of 7 trillion dollars. Additionally, certain U.S. states now accept Bitcoin as payment for taxes.
We anticipate that the federal government, or at least one leading state (such as Pennsylvania, Florida, or Texas), will establish strategic Bitcoin reserves in 2025. Federal implementation could occur through an executive order utilizing the Exchange Stabilization Fund (ESF). States can operate independently here to strengthen their fiscal base, attract investments, or stimulate innovation. Rumors of a U.S. Bitcoin reserve are leading to significant geopolitical reactions. China is considering relaxing its crypto ban to avoid falling behind in the digital economy, while Russia is also exploring a strategic Bitcoin reserve to enhance its financial stability and circumvent sanctions. These developments emphasize Bitcoin’s growing status as a strategic asset within international power dynamics.
We expect the number of listed companies with Bitcoin on their balance sheet to increase from the current 68 to more than 500 in 2025. MicroStrategy’s “21/21 Plan” leads the way, aiming to raise $42 billion—$21 billion through stock issuance and $21 billion through bonds in 2025-2027. They are paving the way for other companies. This rise in corporate accumulation underscores the institutional embrace of Bitcoin.
2. Total crypto market grows to $10 trillion
The total crypto market is expected to grow to $10 trillion, facilitated by clear regulation, technological innovations, and new investment products.
Spot crypto ETFs, expanded ETPs (including staking yield), and the removal of restrictive regulations (such as SEC Rule SAB 121, “Choke Point 2.0”) open the door for new capital flows. This simplifies the integration of digital assets into traditional financial systems and broadens the investment base.
Stablecoins are evolving into an essential component of international payments. In 2025, we expect daily transaction volumes of $300 billion—approximately 5% of DTCC volume. Major tech companies, global payment networks, and growing transaction volumes on routes such as U.S.-Mexico ($80M to $400M per month) illustrate their increasing relevance.
3. AI agents account for 50% of on-chain activity
AI agents—autonomous, artificial intelligence-driven entities—will be active not only in DeFi but also in social media, gaming, and consumer applications in 2025. This leads to more than 1 million new AI agents, accounting for 50% of on-chain activity. Consumers will pay directly for AI services, creating new economic ecosystems and strengthening blockchain’s value proposition.
2025 will be a year in which Bitcoin definitively positions itself as a strategic financial asset, with significant adoption by both states and corporations. This institutional embrace, combined with the explosive growth of the broader crypto market and the revolutionary role of AI within blockchain applications, creates unique momentum. As a fund, we are optimally positioned to capitalize on these structural trends and see significant opportunities for value creation in the coming year.
