Key Corporate Executives' Cryptocurrency Market Outlook for 2025

Here is the English translation of the text, with 'BTC', 'ETH', and 'AR' preserved as is: DL News interviewed executives from major asset management firms, banks, and cryptocurrency companies to get their outlook on the cryptocurrency market by 2025. 1. Julian Sawyer, CEO of Gemini Custody: With increased regulatory clarity in the US and Europe, 2025 will be a pivotal year for the growth of cryptocurrencies. The tokenization of real assets driven by corporate and institutional investor participation will play a crucial role in unlocking the potential of the cryptocurrency market. 2. Johann Kerbrat, Cryptocurrency Lead at Robinhood: The intersection of cryptocurrencies and artificial intelligence (AI) will be a focus area. Expectations include stablecoins, tokenization of real assets, and cryptocurrency-powered digital loyalty cards. 3. Martha Reyes, Digital Asset Research Analyst at Fidelity: The scope of stablecoin products is expected to expand further. Stablecoin products may compete with bank-issued tokenized deposits or facilitate the trading of tokenized traditional securities. 4. David Alderman, Digital Asset Research Analyst at Franklin Templeton: In 2025, cryptocurrencies will see a decisive advancement due to regulatory clarity, mainstream adoption, and technological progress. If the US establishes a stablecoin regulatory framework, major financial institutions may issue their own stablecoins. BTC will solidify its position as a global financial asset, with some countries adopting it as a strategic reserve asset. Decentralized physical infrastructure (DePIN) solutions in logistics and the Internet of Things are expected to see increased demand. 5. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered: Driven by institutional demand, such as MicroStrategy and a US BTC spot ETF, the BTC price is expected to reach $200,000 by the end of 2025. ETH is also expected to reach $10,000 by the end of 2025, supported by spot ETF inflows. Other altcoins are likely to see higher volatility. 6. Katalin Tischhauser, Head of Investment Research at Signum: In 2025, a surge of new capital is expected to flow into the cryptocurrency market, causing demand shocks. Both traditional financial institutions and decentralized platforms will aggressively invest in stablecoins and tokenization infrastructure. Regulatory changes may enable the issuance of spot ETFs for other cryptocurrencies (besides BTC and ETH), but the actual demand is expected to be limited. The altcoin season may be driven more by hype and sentiment rather than fundamentals, with memecoins potentially leading the charge.