The Outlook for the Cryptocurrency Market: VanEck Makes 10 Predictions, Including Bitcoin Will Reach Nearly $200,000

In the context of speculation about the future trajectory of Bitcoin (BTC) and the cryptocurrency market in general, asset management company VanEck has made a series of predictions that reinforce optimism about the continuous upward trend. VanEck predicts Bitcoin will soar to $180,000 VanEck predicts that the cryptocurrency market will reach a "medium-term peak" in the first quarter of 2025, followed by a new all-time high at the end of the year. The company estimates that Bitcoin could soar to around $180,000, while Ethereum (ETH) could exceed $6,000, Solana (SOL) could surpass $500, and Sui (SUI) could reach over $10. The report also suggests that the United States will begin to accept Bitcoin as a strategic reserve asset, as promised by President-elect Donald Trump, predicting an increase in the adoption of cryptocurrencies in general. With the expected changes in leadership at the Securities and Exchange Commission (SEC), many cryptocurrency exchange-traded products (ETPs) are also expected to be approved. This includes Ethereum ETP with staking options, as well as the ability to trade physically settled contracts for both Bitcoin and Ethereum. According to the report, the asset management company forecasts that the value of encrypted securities will exceed 50 billion dollars in the coming months, following a 61% growth to 12 billion dollars throughout this year Most of this value currently resides on licensed chains, but 2025 is expected to be a breakthrough year, especially as organizations such as the Depository Trust & Clearing Corporation (DTCC) explore connecting public and private blockchains. The company predicts that stablecoins will revolutionize payment systems, with daily payment volumes potentially tripling to reach $300 billion by the end of 2025. This growth, driven by broader adoption in global trade, remittances, and integration with major technology and payment networks, will enable stablecoins to process transactions equivalent to 5% of DTCC's daily trading volume. DeFi will reach an all-time high Another interesting prediction is the emergence of a million new AI agents, described by VanEck as "digital workers" capable of autonomously performing tasks or making decisions. These actors are expected to generate significant activity on the chain as they expand their roles beyond the decentralized finance (DeFi) sector into areas such as social media, gaming, and consumer applications. VanEck predicts that Bitcoin Layer-2 solutions will accumulate a total value locked (TVL) of 100,000 BTC, based on an impressive growth rate of 600% by 2024, bringing the TVL to 30,000 BTC. The forecast predicts that Ethereum's blob space will generate $1 billion in fees, driven by the rapid adoption of Layer 2 solutions, gas optimization, and high-fee use cases such as encrypted assets and enterprise applications. VanEck predicts that decentralized finance (DeFi) will reach an all-time high, with decentralized exchange (DEX) trading volume reaching $4 trillion and total value locked in DeFi increasing to $200 billion. This growth is expected to be driven by AI-related tokens, consumer-oriented decentralized applications (dApps), and asset tokenization to promote liquidity and user adoption. The non-fungible token (NFT) market is expected to recover, with an expected trading volume of $30 billion by 2025. Despite the recent downturn, prominent projects such as Pudgy Penguins and Miladys are still thriving by leveraging strong community relationships and transforming into consumer brands. Finally, VanEck predicts that decentralized application (dApp) tokens will narrow the performance gap with Layer 1 tokens. In 2024, Layer-1 blockchain tokens perform better than dApp tokens, but innovative dApps in artificial intelligence and Decentralized Physical Infrastructure Network (DePIN) are expected to drive changes in performance dynamics. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)