{"id":23139,"date":"2025-04-17T16:41:45","date_gmt":"2025-04-17T13:41:45","guid":{"rendered":"https:\/\/forklog.com\/en\/bitwise-identifies-bitcoin-growth-drivers-for-q2\/"},"modified":"2025-04-17T16:41:45","modified_gmt":"2025-04-17T13:41:45","slug":"bitwise-identifies-bitcoin-growth-drivers-for-q2","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitwise-identifies-bitcoin-growth-drivers-for-q2\/","title":{"rendered":"Bitwise Identifies Bitcoin Growth Drivers for Q2"},"content":{"rendered":"<p>Bitwise experts described the first quarter&#8217;s results as &#8220;disappointing,&#8221; yet highlighted several positive developments and identified potential drivers for the resurgence of the leading cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Well known: Q1 in crypto was frustrating.<\/p>\n<p>Less well known: Q1 saw all-time highs for<\/p>\n<p>\u2014 Stablecoins ($218B)<br \/>\u2014 Tokenized real-world assets ($19B)<br \/>\u2014 BTC futures trading volume ($800B+) <br \/>\u2014 BTC futures open interest ($16B)<br \/>\u2014 BTC held by public companies (688K)<br \/>\u2014 Ethereum and Layer 2\u2026 <a href=\"https:\/\/t.co\/RSnC1pYHXv\">pic.twitter.com\/RSnC1pYHXv<\/a><\/p>\n<p>\u2014 Bitwise (@BitwiseInvest) <a href=\"https:\/\/twitter.com\/BitwiseInvest\/status\/1912502255321784762?ref_src=twsrc%5Etfw\">April 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In their market review for the year&#8217;s first three months, analysts noted a favorable shift in regulatory policy in the United States:<\/p>\n<ul class=\"wp-block-list\">\n<li>President Donald Trump, through executive orders, <a href=\"https:\/\/u1f987.com\/en\/news\/white-house-working-group-to-assess-a-national-crypto-reserve\">established<\/a> a task force on digital assets and <a href=\"https:\/\/u1f987.com\/en\/news\/donald-trump-orders-creation-of-a-us-crypto-reserve\">mandated<\/a> the creation of a bitcoin reserve;<\/li>\n<li>authorities <a href=\"https:\/\/u1f987.com\/en\/news\/fdic-permits-crypto-related-activities-without-prior-approval\">halted<\/a> Operation Choke Point 2.0, which targeted debanking industry participants;<\/li>\n<li><span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> closed most investigations against crypto companies and <a href=\"https:\/\/u1f987.com\/en\/news\/sec-eases-stance-on-cryptocurrency-and-defi-regulation\">eased<\/a> its approach to DeFi.<\/li>\n<\/ul>\n<p>In the first quarter, the industry recorded several peaks, according to Bitwise specialists:<\/p>\n<ul class=\"wp-block-list\">\n<li>stablecoin capitalization reached $218 billion;<\/li>\n<li>the tokenized assets sector expanded to $19 billion;<\/li>\n<li>bitcoin futures trading volume exceeded $800 billion, with open interest in derivatives at $16 billion;<\/li>\n<li>public companies accumulated approximately 688,000 BTC in reserves;<\/li>\n<li>the total transaction value in Ethereum and L2 blockchain ecosystem networks surpassed $1.2 billion.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;As we move into the second quarter, I expect these and related areas to drive the market towards further growth,&#8221; wrote Bitwise&#8217;s Chief Investment Officer Matt Hougan.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Fuel for Growth<\/h2>\n<p>The company&#8217;s experts pointed to four key catalysts for the anticipated rally revival:<\/p>\n<ul class=\"wp-block-list\">\n<li>the growth of the global money supply (M2 aggregate), which &#8220;has historically been a favorable condition&#8221; for risk assets like bitcoin and cryptocurrencies. An additional factor could be the uncertainty surrounding the introduction of trade tariffs;<\/li>\n<li>the continuation of pro-crypto policies by the U.S. government and greater regulatory clarity;<\/li>\n<li>the expansion of stablecoin adoption by traditional financial institutions;<\/li>\n<li>the resurgence of the narrative of bitcoin as hard money and digital gold, capable of serving as a hedge, independent &#8220;of tariffs, capital controls, and currency manipulations.&#8221;<\/li>\n<\/ul>\n<p>Analysts predicted that &#8220;geopolitical chaos&#8221; would prompt investors to reassess their portfolios.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;A decline in faith in institutions opens the door for bitcoin as a global asset,&#8221; they concluded.<\/p>\n<\/blockquote>\n<p>Earlier in April, Hougan reaffirmed the forecast for the leading cryptocurrency \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/bitwise-us-tariffs-and-a-weak-dollar-to-bolster-bitcoin\">$200,000 by the end of the year<\/a> amid the weakening of the U.S. dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise experts described the first quarter&#8217;s results as &#8220;disappointing,&#8221; yet highlighted several positive developments and identified potential drivers for the resurgence of the leading cryptocurrency. Well known: Q1 in crypto was frustrating. Less well known: Q1 saw all-time highs for \u2014 Stablecoins ($218B)\u2014 Tokenized real-world assets ($19B)\u2014 BTC futures trading volume ($800B+) \u2014 BTC futures [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[949,1146,1252],"class_list":["post-23139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitwise","tag-cryptocurrency-market-forecasts","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23139"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23138"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}