Some stuff from newsletter:
The Crypto Market Could 3X By 2025
Bernstein predicted Bitcoin would reach $70,000 in 2024. Check.
Now analysts at Bernstein predict Bitcoin will reach $150K by mid-2025 and the entire crypto market cap could grow to $7.5 trillion by the end of 2025. That’s around 3X from the $2.5 trillion we’re at today.
This “monster of a crypto cycle” will be driven by Bitcoin, Ethereum and the top Layer-1 blockchains like Solana and Avalanche, which is no surprise.
By 2025, Bernstein predicts:
- Bitcoin: $3 trillion market cap
- Ethereum’s ecosystem: $1.8 trillion market cap
- Top Layer-1s: $1.4 trillion market cap
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- Arbitrum [ARB], Optimism [OP], Polygon [MATIC] might all perform very well, given these protocols are thought to benefit the most from Ethereum’s Dencun Upgrade, which was initiated on March 13th. It’s expected that all three protocols will witness a substantial reduction in transaction fees from Dencun.
- Bittensor [TAO] is rumored to be listed on Coinbase soon. Bittensor is an open-source protocol that’s used to power decentralized, blockchain based, machine learning models.
- Injective [INJ] recently released inEVM, which is a roll-up technology that allows the protocol to achieve compatibility with Ethereum, Cosmos, and Solana.
- METIS was just listed on Binance. This comes after news that the protocol is having a decentralized sequencer launch, a “MarchDrop” incentive program, is benefiting from Ethereum’s Dencun Upgrade, and is incorporating EigenDA for data availability.
- Solana [SOL] is getting scooped up by Pantera. The rumor is Pantera has raised funds to purchase a big SOL bag from the FTX bankruptcy estate. Follow the big boys.
- Starknet [STRK] just launched a gaming committee. The committee is chaired by various gaming experts who will be tasked with building the Ethereum L2s gaming ecosystem. Starknet is funding the committee with $50M worth of STRK.