This year was good for crypto, but 2025 might turn out even better for the sector, according to Bitwise Asset Management.

Bitwise said Bitcoin, Ethereum, and Solana will hit new ATHs in 2025 amid more favorable crypto policies and greater mainstream adoption.

Among Bitwise’s most eye-catching predictions is Bitcoin’s potential to trade above $200,000, a milestone that would cement its position as the ultimate digital asset. The optimism isn’t limited to Bitcoin. Ethereum, Solana, and other cryptocurrencies are also projected to achieve all-time highs, spurred by growing institutional adoption.

Bitwise, a crypto exchange-traded funds issuer, expects at least five big crypto companies to go public with their shares next year. These include Circle, an issuer of stablecoins, and Kraken, an established crypto exchange.