The crypto market is rushing to new heights: $7.5 trillion by 2025

Bernstein analysts predict rapid growth of the cryptocurrency market, predicting its capitalization at $7.5 trillion by 2025. Coindesk reports with reference to analysts from Bernstein.

The leaders of this rally, in their opinion, will be:

• Bitcoin with a target of $3 trillion.
• Ethereum, which could soar to $1.8 trillion.
• "Leading blockchain tokens" with a combined capitalization expected to reach $1.4 trillion.

Spot Bitcoin ETFs are also gaining traction, with assets under management projected to reach $300 billion by 2025.

The Robinhood (HOOD) platform, which is actively developing the cryptocurrency direction, may also become a beneficiary of this growth. Bernstein analysts forecast its shares to rise to $30, citing a 10% increase in crypto trading volume on the platform in February 2024 to $6.5 billion.

“We expect the total cryptocurrency market to reach $7.5 trillion by 2025, meaning Robinhood's cryptocurrency revenue should grow ninefold. […] We believe that the cryptocurrency market is at a stage of unprecedented institutional adoption,” Bernstein said in the report.

Another driver of market growth is expected to be the emergence of Ethereum ETFs over the next 12 months.