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Ruholamin Haqshanas
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Ruholamin Haqshanas
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Steno Research has projected a record-breaking year for cryptocurrencies in 2025, with Bitcoin (BTC) and Ethereum (ETH) expected to surge to unprecedented levels.
According to a December research note, BTC’s price is forecasted to exceed $150,000, while ETH could surpass $8,000. Analysts are also increasingly optimistic about a robust “altcoin season” on the horizon.
The bullish predictions stem from several favorable factors, including an improved regulatory landscape, declining interest rates, and enhanced liquidity.
The historically strong performance following Bitcoin’s halving and growing institutional adoption further strengthens this outlook.
Inflows into Spot Bitcoin ETFs to Remain Strong
Steno anticipates significant inflows into U.S.-based Bitcoin and Ethereum exchange-traded funds (ETFs), estimating net inflows of $48 billion for BTC ETFs and $28.5 billion for ETH ETFs in 2025.
Ethereum is expected to outpace Bitcoin’s growth, with the ETH/BTC ratio projected to reach at least 0.06, nearly doubling its current level of 0.035.
This shift is likely to trigger a broader altcoin rally, reducing Bitcoin’s market dominance from 57% to approximately 45%, the report suggests.
Steno attributes part of this trend to the potential impact of Donald Trump’s U.S. presidential victory, which is seen as more favorable for altcoins than Bitcoin.
Trump’s policies are expected to encourage stronger onchain activity, benefiting platforms like Ethereum and Solana.
Additionally, the total value locked (TVL) in decentralized applications is projected to surpass $300 billion in 2025, significantly exceeding the 2021 peak of $180 billion.
Other industry leaders, including Grayscale, share similar optimism. Grayscale recently added decentralized finance (DeFi) tokens, including those on Solana, to its watchlist for 2025.
The firm cited a favorable U.S. policy environment and Trump’s pledge to position the U.S. as a global crypto hub as driving forces behind its positive outlook.
US Crypto Owners Expect Less Regulation
Cryptocurrency enforcement in the United States may ease under the upcoming administration of Republican President-elect Donald Trump, with regulatory priorities expected to shift.
Speaking at a legal conference in New York, current and former senior government lawyers indicated that while financial fraud cases will still be pursued, the Justice Department’s focus will likely move toward immigration enforcement, a key campaign promise of Trump.
Scott Hartman, co-chief of the securities and commodities task force at the U.S. Attorney’s Office in Manhattan, revealed that fewer resources will be allocated to policing cryptocurrency crimes.
As of late, the SEC has been facing growing criticism due to its “regulation-by-enforcement” approach to the crypto industry.
Critics argue that the SEC has failed to establish a clear regulatory framework for cryptocurrencies, opting instead to pursue legal action against key industry players.
As reported, the Republican Party is preparing to introduce a comprehensive crypto market structure bill within the first 100 days of the upcoming legislative session, according to Representative French Hill.
In December, Hill emphasized the urgent need for regulatory clarity in the U.S. crypto market, calling it a “top priority” for the GOP.
Hill revealed that GOP Majority Leader Steve Scalise is leading the charge on the legislation, which aims to establish clear guidelines for the digital asset industry.
