HTX, a digital asset exchange, has published its 2025 crypto outlook, providing insights into the key developments of 2024 and the trends to watch in the upcoming year.
The report, titled "HTX 2024 Global Web3 Blockchain Ecosystem Review and 2025 Outlook," examines notable advancements in the crypto industry and considers the potential impact of political changes on crypto policy.
It identifies five crucial sectors that made significant strides in the past year and will be of continued focus for HTX in 2025:
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Bitcoin Ecosystem: Bitcoin’s market share increased in 2024, reinforcing its status as a core asset. With spot ETFs enhancing liquidity and U.S.-based companies like MicroStrategy absorbing dollar liquidity, the efficiency of capital utilization and further development of Bitcoin’s ecosystem will be essential. Strong macro market and infrastructure support indicate sustained demand for Bitcoin in the next two years.
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Infrastructure: The rapid growth of Layer 1, Layer 2, and middleware projects has been driven by the convergence of capital and technology. Layer 1 solutions are becoming central to technical development within the crypto space and are likely to remain a focus for future investment.
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Meme Coins: With the crypto market becoming increasingly favorable, an influx of retail investors is anticipated, making Meme projects crucial for capital inflows.
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AI: AI technologies are expected to evolve into personal assistants for users, offering extensive capabilities while potentially giving rise to unique cultures and communities. This integration of AI and encryption technology signifies a significant evolution that Web2 and Web3 alone cannot achieve.
- TON Ecosystem: The TON ecosystem has reached important milestones, backed by Telegram’s extensive user base and strong technical support, positioning it to monetize Web2 social applications via crypto. In 2025, it must explore new business models to enhance user retention and uncover growth opportunities.
The report also suggests that, with Trump potentially returning to office, key legislation may advance more swiftly. Two specific bills are highlighted: the FIT21 Act and the Bitcoin Strategic Reserve Act.
The FIT21 Act aims to establish a clear legal framework for token issuance and trading, promoting the healthy development of the crypto industry. Conversely, the Bitcoin Strategic Reserve Act could elevate Bitcoin from a niche asset to a nationally recognized reserve asset, encouraging other countries to consider similar initiatives. Several U.S. states have already proposed their own Bitcoin Strategic Reserve bills.
Furthermore, the report indicates that the SAB121 Act may be repealed under Trump, allowing traditional financial institutions to hold cryptocurrencies on their balance sheets, which would expedite the institutional adoption of crypto assets and enhance market maturity. Additionally, the SEC might relax the criteria of the Howey Test, increasing the likelihood of more spot crypto ETFs being approved and facilitating an uptick in public crypto company listings.