Bitcoin is currently priced at $97,375 with a -0.71% decrease in the past 24 hours, while Ethereum trades at $3,628, down -2.26% over the same period. The futures market remains balanced, with a 49.1% long and 50.9% short position ratio. The Fear and Greed Index, a key measure of market sentiment, downgraded the sentiment from 78 (Extreme Greed) yesterday to 74 (Greed) today. The crypto market is accelerating into a transformative phase. Eric Trump predicts Bitcoin will reach $1 million citing its scarcity and global utility. Ripple’s RLUSD stablecoin has secured regulatory approval paving the way for broader adoption in the $200 billion stablecoin market. Bitwise forecasts Bitcoin at $200,000 in 2025 and predicts stablecoins will double their market cap to $400 billion. These developments highlight the rapid evolution of crypto as a dominant force in global finance.
What’s Trending in the Crypto Community?
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Michael Saylor of MicroStrategy: Suggests US sell gold reserves to buy at least 20% to 25% of circulating Bitcoin.
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US spot Bitcoin ETF saw net inflows of $2.74 billion this week, second-largest weekly inflow since launch.
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BlackRock: Bitcoin can be a potential diversification tool.
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El Salvador’s Bitcoin Portfolio Reaches $333M.
Crypto Fear & Greed Index | Source: Alternative.me
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Eric Trump Predicts Bitcoin Will Hit $1 Million
Eric Trump, executive vice president of the Trump Organization, addressed the Bitcoin MENA event in Abu Dhabi on December 10. He predicted Bitcoin’s price would hit $1 million per coin driven by its fixed supply of 21 million coins and growing global demand. Trump described Bitcoin as a “store of value, a hedge against inflation and a safeguard against political and natural risks.”
Bitcoin’s current price is $97,604 up 160% from January 2024 when it was trading at $37,500. Trump emphasized Bitcoin’s increasing adoption stating that more governments would recognize its potential as a strategic reserve asset by 2030. He predicted early adopters would see significant gains projecting a tenfold increase in value over the next decade.
Read Also: Eric Trump: Procrypto Revolution Under Trump Presidency
Ripple’s RLUSD Secures Approval from The New York State Department of Financial Services
Source: KuCoin
Ripple’s RLUSD stablecoin received final approval from the New York State Department of Financial Services on December 12. CEO Brad Garlinghouse confirmed that listings would begin before the end of 2024. RLUSD will operate on the XRP, Ledger and Ethereum providing multi-chain compatibility.
Ripple announced RLUSD in April 2024 and began testing in August. It partnered with seven major exchanges including Uphold Bitstamp and CoinMENA covering over 40 markets globally. Liquidity will be supported by market makers B2C2 and Keyrock ensuring seamless transactions.
Read Also: Ripple’s Legal Battle: What 60 Minutes Didn’t Tell You About XRP
The global stablecoin market is valued at $200 billion in 2024 with USDT dominating 97.5% of the market. RLUSD aims to capture a significant share by offering faster settlement times and lower fees. Ripple plans to leverage its network which processed over $800 billion in cross-border transactions in 2024 to drive RLUSD adoption.
Stablecoin Market to Reach $400 Billion
Stablecoins are forecasted to double their market capitalization from $200 billion in 2024 to $400 billion by the end of 2025. The market processed over $2 trillion in payments in 2024 up from $1.3 trillion in 2023 a 54% increase.
US legislation expected in Q1 2025 will clarify stablecoin regulations driving institutional adoption. Cross-border payments which accounted for 65% of stablecoin usage in 2024 are projected to grow 40% annually. RLUSD and other new entrants aim to challenge USDT’s dominance offering faster transaction speeds and broader network compatibility.
Bitcoin to $200,000 in 2025 According to Bitwise Report
Source: KuCoin
A Bitwise report forecasts Bitcoin will break $200,000 by the end of 2025. This would mark a 105% increase from its current price of $97,604. The report cites record inflows into spot Bitcoin ETFs which attracted $33.6 billion in 2024. Institutional portfolios allocated an average of 4% to Bitcoin this year, a figure expected to double by 2025.
The report also predicts the US government may establish a Bitcoin reserve triggering a global race among nations to secure Bitcoin. Bitcoin’s scarcity with only 19.2 million coins mined positions it as a key strategic asset.
Ethereum is projected to rise 75% to $7,000 fueled by $18 billion in inflows into spot ETFs and increased activity on Layer-2 solutions like Base and Starknet. Solana, known for its low fees and high throughput, is expected to surge to $750 representing a 150% gain. Solana’s dominance in memecoins and NFT marketplaces contributes to its bullish outlook.
Institutional Growth and Crypto IPOs
Coinbase, one of the largest crypto exchanges, is expected to surpass Charles Schwab in valuation by mid-2025. Analysts project Coinbase’s stock to hit $700 a 120% increase from its current price of $316. This growth will be fueled by stablecoin revenues which rose 80% in 2024 and the success of its Layer-2 network Base.
The Bitwise report identifies 2025 as the “Year of the Crypto IPO.” At least five major companies including Circle Kraken and Chainalysis are expected to go public. Combined valuations for these IPOs could exceed $50 billion signaling heightened interest from institutional investors.
Tokenized Assets to Surpass $50 Billion
Tokenized real-world assets including US Treasury debt and private credit are projected to surpass $50 billion in 2025. In 2024 these assets processed $15 billion in transactions up 150% from $6 billion in 2023. Wall Street firms are increasingly adopting blockchain for its efficiency and transparency with tokenization offering faster settlements and lower costs.
Conclusion
The crypto market is poised for explosive growth. Eric Trump’s prediction of Bitcoin reaching $1 million underscores its scarcity and transformative potential. Ripple’s RLUSD approval positions it to challenge USDT’s dominance in the $200 billion stablecoin market. Bitwise’s forecast of Bitcoin at $200,000 reflects rising institutional interest and technological advancements. With stablecoins set to double their market cap to $400 billion tokenized assets surpassing $50 billion and major crypto IPOs on the horizon 2025 could mark the start of a new era in global finance. These milestones highlight crypto’s accelerating integration into the traditional financial system and its expanding influence worldwide.
