Bitwise, a prominent player in the cryptocurrency investment space, has forecasted that Bitcoin will reach $200,000 in 2025. This prediction is part of a broader outlook on the digital asset market, which includes expectations of Bitcoin ETFs attracting more investment than in 2024, Coinbase stock trading above $700 per share, and at least five crypto unicorns going public in the U.S. The firm also anticipates that stablecoins will see significant growth, potentially doubling in market cap to over $400 billion, driven by U.S. legislation, fintech and payments adoption, and the ongoing crypto bull market. Additionally, Bitwise expects Coinbase to enter the S&P 500, reflecting the increasing institutional adoption of cryptocurrencies.