What will push bitcoin to growth in the second quarter

BitWise experts called the results of the first quarter “disappointing”, but noted a number of positive events and allocated potential drivers of the growth of the first cryptocurrency.

Well Known: Q1 in Crypto Was Frustrating.

Less Well Known: Q1 Saw All-Time Highs for

– Stablecoins ($ 218b)
-Tokenized Real-World Assets ($ 19B)
– BTC Futures Trading Volume ($ 800b+)
– BTC Futures Open Interest ($ 16B)
– BTC HELD by Public Companies (688K)
– Ethereum and Layer 2 … pic.twitter.com/rsnc1pyhxv

– BitWise (@bitwiseinvest) April 16, 2025

In the market review, for the first three months of the year, analysts allocated a favorable to the USA reversal policy in the USA: the U.S.

• President Donald Trump with his decrees created a working group on digital assets and instructed to “give a move” to the creation of a bitcoin reserve;
• The authorities stopped the operation of Choke Point 2.0 on the debanking of the industry participants;
• SEC closed most investigations against crypto companies and softened the approach to Defi.

In the first quarter, the industry recorded several maximums, BitWise experts noted:

• The capitalization of stabiblcoins reached $ 218 billion;
• The sector of tokenized assets expanded to $ 19 billion;
• The volume of bitcoin-shorts exceeded $ 800 billion, and open interest in derivatives-$ 16 billion;
• Public companies have accumulated in bitcoin reservations ~ 688 000 BTC;
• The total cost of transactions in Ethereum and L2-networks of the blockchain ecosystem amounted to more than $ 1.2 billion.

Fuel for growth

The company’s experts indicated four key catalysts of the expected renewal of the rally:

• The growth of global money supply (M2 unit), which was “historically a favorable condition” for risky assets like bitcoin and cryptocurrencies. An additional factor may be the uncertainty around the introduction of trading tariffs;
• continuation of the defending policy of the US government and making more clarity to regulation;
• expansion of the introduction of stablecoins with traditional financial institutions;
• The revival of the narrative and Bitcoin as solid money and digital gold, capable of acting a hedge, independent “from tariffs, control of capital and foreign exchange manipulations.”

The “geopolitical chaos” will push investors to revise their portfolios, predicted analysts.

In early April, Houson confirmed the forecast for the first cryptocurrency – $ 200,000 by the end of the year amid weakening the American dollar.

Be in the know! Subscribe to Telegram.