Bitwise’s Mid-Year Crypto Forecast: Bitcoin to $200K, ETH and SOL Lagging
Asset management giant Bitwise has made waves with its Mid-Year Scorecard report, released on June 30, 2025. The document not only reviews their December 2024 predictions but also drops explosive forecasts for the second half of the year—with Bitcoin (BTC) stealing the spotlight.
Bitcoin’s Meteoric Rise: $200K Target in Sight
Bitwise stands firm on its $200,000 Bitcoin price prediction by December 2025, citing:
- Institutional adoption via spot Bitcoin ETFs
- Post-halving supply squeeze (April 2024 event)
- Macroeconomic tailwinds from Fed rate cuts
This bullish outlook implies a 200%+ surge from current levels, reigniting debates about BTC’s store-of-value narrative.
Altcoins Face Headwinds: ETH and SOL to Miss ATHs?
In a surprising twist, Bitwise expects Ethereum (ETH) and Solana (SOL) to fall short of their all-time highs in 2025 due to:
- Regulatory uncertainty around ETH’s security status
- SOL’s network congestion issues
- Capital rotation into Bitcoin-dominated portfolios
Analysts note this diverges from typical “altcoin season” expectations following BTC rallies.
Market Reactions and Counterarguments
Crypto Twitter is split:
- Proponents highlight Bitcoin’s dominance climbing to 54% in Q2 2025
- Skeptics point to Ethereum’s upcoming Verkle tree upgrade as a potential game-changer
- Traders are watching SOL’s developer activity, still 40% higher than 2023
Notably, Bitwise’s track record shows 78% accuracy on 12-month BTC predictions since 2020.
What This Means for Investors
With six months remaining in 2025, key considerations include:
- Dollar-cost averaging into BTC while monitoring ETF flows
- Selective altcoin exposure to projects with clear utility
- Hedging strategies given potential volatility
As always, DYOR (Do Your Own Research) remains paramount in this rapidly evolving market.
Will Bitcoin defy gravity to hit $200K? Can ETH and SOL prove Bitwise wrong? The crypto countdown to December begins.
