December 5, 2022

Bakkt predicts cryptocurrency market capitalization to rise to $ 3 trillion by 2025

Bakkt predicts cryptocurrency market capitalization to rise to $ 3 trillion by 2025

According to Bakkt Holdings forecasts, in five years, the value of the cryptocurrency market could increase fivefold.

As part of a presentation for investors related toWith plans to list the company on the New York Stock Exchange and merge with Victory Park Capital, Bakkt expects total digital currency capitalization to reach $ 3 trillion by 2025. The company currently estimates the "notional value" of the crypto market at $ 564 billion (according to CoinMarketCap, the current capitalization is $ 977 billion).

Bakkt predicts cryptocurrency market capitalization to rise to $ 3 trillion by 2025

At the same time, Bakkt notes that over the past year, the interest of investors in digital assets and the level of trust in themhave grown significantly, especially after the fourfold growth of the bitcoin rate. The company's economists expect its revenue to grow by an average of 75% annually over the next five years.

However, the first week of 2021 marks97 percent decline in capital inflows to crypto funds and investment products. CoinShares analysts attribute this to the New Year's wave of profit-taking and traders' vacations.