10x Research founder: ETH is expected to continue to perform poorly and may not reach new highs in the "hawkish" macro environment in 2025

Odaily reports that CK Zheng, Chief Investment Officer of the crypto hedge fund ZX Squared Capital, expects that the inflow into Ethereum spot ETFs will "significantly" increase by 2025: "We expect that in 2025, when the new Trump administration issues more crypto-friendly rules and regulations to further drive the development of the digital asset class, the inflow will increase significantly." However, Markus Thielen, founder of 10x Research, painted a more pessimistic scenario, forecasting that ETH will continue to underperform and will not reach a new all-time high in the "hawkish" macroeconomic environment of 2025: "We expect a more conservative outlook for ETH in 2025. Unlike the previous years, the initial hawkish policies may be tested by weakening liquidity tailwinds." However, he still believes that in the "best case", Bitcoin may reach $160,000, although it may drop to around $125,000 and stabilize. The cryptocurrency market capitalization has retreated 12.1% to $3.41 trillion since the Federal Reserve's Federal Open Market Committee meeting on December 18 reduced the expected number of rate hikes in 2025 from five to two. (Cointelegraph)