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GM. This is Milk Road, the newsletter that just read Bitwise’s 2029 $BTC price prediction and decided to buy a Lambo.

Here’s what we got for you today:

• ✍️ $BTC will hit $???k in 2025

• 🥛 PRO “Where are we in the cycle?” indicators

• 🎙️ The Milk Road Show: Bitwise CIO Top 6 Predictions for 2025: BTC, ETH & SOL Price Targets & More 

• 🍪 $PENGU is killing it

BITCOIN WILL HIT $???K IN 2025 😳

“Describe a potential supply crunch, without directly describing a potential supply crunch.”

Matt Hougan (CIO of Bitwise):

(Chills. Literal chills).

Here’s what we love about Matt and Bitwise:

Their predictions are easy to get excited about – and are often beaten.

E.g. Matt’s 2024 prediction for Bitcoin was $80k. Which, when we first heard it, seemed out of this world! (Most people were predicting we’d only be recapturing $69k around now).

…yet here we are at the end of 2024, with Bitcoin having breached $100k!

The good news: Bitwise just released their 2025 crypto market predictions.

They have 11 in total (which you can check out here) – but for now, we’ve trimmed things down to our top 5 favorites.

1/ Bitcoin, Ethereum and Solana will all hit all-time highs of…

• $BTC $200,000 – thanks to the continued support from the ETFs, as well as new adoption from corporations and governments.

• $ETH $7,000 – thanks to a massive narrative shift (driven by the growing L2 ecosystem), alongside building interest in the ETFs.

• $SOL $750 – thanks to ‘serious’ applications moving onto the Solana network, complementing its dominance in memecoins.

2/ The Bitcoin ETFs will have an even bigger year in 2025

Bitwise estimates that $35B+ will enter the Bitcoin ETFs next year. Not too shabby!

3/ 2025 will be the year of the crypto IPO

The companies that Bitwise expect to see IPO?

• Circle (issuers of $USDC)

• Figure (the crypto lending platform)

• Kraken (one of the largest US-based crypto exchanges)

• Anchorage Digital (a company focused on crypto infrastructure)

• Chainalysis (one of the biggest names in crypto compliance and analysis)

We interrupt your regularly scheduled programming for a word from our sponsors

Stick around though, ‘cause prediction #5 is a doozy!

BITCOIN WILL HIT $???K IN 2025 😳 (P2)

Ok, where were we? 

Ah yes…

4/ The number of countries holding Bitcoin will double

As it currently stands, there are 9 countries that hold Bitcoin (👇). A doubling of nation-state level demand for Bitcoin could have massive upward momentum on price.

5/ BONUS: In 2029, Bitcoin will overtake the $18T gold market and trade above $1M per $BTC

It’s predictions like these that get us feeling irresponsibly bullish! 

For context, Bitcoin is currently the seventh largest asset by market cap (👇).

Bitcoin flipping gold would also mean it flips Google, Amazon, NVIDIA, Microsoft, and Apple in the process.

The cherry on top of all of this?

We just sat down with Matt Hougan himself on today’s episode of The Milk Road Show.

In this episode, we cover:

• The sector/app that will onboard a million users in 2025

• The percentage weighting on the likelihood of a US Bitcoin strategic reserve

• The total combined amount of Bitcoin that will be purchased by governments, corporations and ETFs in 2025

Click below to watch now (you don’t want to miss this one!). 👇

YouTube | Spotify | Apple Podcasts

PRO “WHERE ARE WE IN THE CYCLE?” INDICATORS 🤔 

Crypto moves in cycles, and knowing where we are in the current cycle is crucial for capturing the best opportunities.

The goal is to spot the bull market peak before the inevitable bear market hits your bags hard.

Since timing the top perfectly is almost impossible, we use various indicators to give us a better shot at taking profits before it's too late.

Below are the 6 indicators we track, with a color-coded system to show how close they are to signalling the market peak:

🟢 Plenty of room to run 🏄

🟡 Getting closer to the top signal, but haven’t yet reached the mark ⚠️

🔴 We’ve hit the market top indicator 🚨

Every Thursday, we update these 6 indicators exclusively for PRO members.

Our advice? Don't wait for all of them to hit 🔴. It's better to take profits as they get closer to that point.

Let's dive in and see if we're anywhere near the top of this bull market. 👇

BITE-SIZED COOKIES FOR THE ROAD 🍪

Meanwhile offers life insurance but with a Bitcoin twist. Sure, life insurance can be boring but this one lets you benefit while you’re still alive. Interesting, huh?*

Vitalik adopts Moo Deng. Honestly thought this was fake news at first, but it’s real—and it’s awesome. Crypto at its finest.

$PENGU is killing it. Just days after its launch, it’s now the largest memecoin on Solana. Impressive.

KULR buys Bitcoin for its treasury strategy. Another one! More and more companies are jumping on the Bitcoin train. Choo-choo.

We’re hiring! Calling the brightest minds in crypto to join our team but hurry, there’s only 4 roles left.

Solana staking lets you lock up $SOL, secure the network, and earn rewards. It’s a win-win for you and the blockchain.

* This is sponsored content.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.