Bitwise named Bitcoin growth drivers in the second quarter

Bitwise experts named the results of the first quarter “disappointed” but noted a number of positive events and identified potential drivers the first cryptocurrency.

WELL KNOWN: Q1 in Crypto Was FrUSTRATING.

LESS WELL KNOWN: Q1 SAW All-Time Highs for

– Stablecoins ($ 218b)
-Tokenized Real-World Assets ($ 19b)
– BTC Futures Trading Volume ($ 800B+)
– BTC Futures Open Interest ($ 16b)
– BTC Held by Public Companies (688k)
– Ethereum and Layer 2 … pic.twitter.com/rsnc1pyhxv

– Bitwise (@bitwiseinvest) April 16, 2025

In the market over the first three months of the year, analysts have identified a favorable reversal of regulatory policy in the United States:

• By his decrees, President Donald Trump created a working group of digital assets and instructed “to give a move” to creating bitcoin reservos;
• The authorities have stopped Choke Point 2.0 on the debaning of industry participants;
• Sec Closed most of the investigations against crypto companies and softened the approach to Defi.

In the first quarter, the industry recorded several maxima, said Bitwise experts:

• Capitalization of steiblcoins reached $ 218 billion;
• The token sector has expanded to $ 19 billion;
• Bitcoin-bars exceeded $ 800 billion and open interest in derivatives-$ 16 billion;
• Public companies have accumulated in bitcoin reserves ~ 688 000 BTC;
• The total cost of transactions in Ethereum and L2-networks of the blockchain ecosystem was more than $ 1.2 billion.

“As you move to the second quarter, I expect that these and related industries will lead the market to further growth,” – wrote the investment director of Bitwise Matt Hougan.

Fuel for growth Company experts indicated four key catalysts for expected rally recovery:

• The growth of global money (M2 unit), which was “historically favorable” for risky assets such as bitcoin and cryptocurrencies. An additional factor may be uncertainty around the introduction of trade tariffs;
• Continuation of the US government’s prostate -loving policy and regulating more clarity;
• expanding the introduction of steiblcoins by traditional financial institutions;
• The revival of the narrative about bitcoins as solid money and digital gold, capable of acting, independent “from tariffs, capital control and currency manipulations.”

“Geopolitical Chaos” will push investors to view their portfolios, predicted analysts.

“The fall of faith to the institutes opens the door for a bitcoin as a global asset,” they summed up.

Recall that in early April, Hougan confirmed the forecast for the first cryptocurrency – $ 200,000 by the end of the year against the background of the weakening of the US dollar.

The gun