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2025-04-20 07:25:16

BitWise called the driver of bitcoin growth in the second quarter

Bitwise experts acknowledged that Q1 was "disappointing" for the crypto market, but noted several positive signals and four key catalysts for a possible BTC rally in Q2:

Growth factors:

1.The growth of the global money supply (aggregate M2) has historically increased interest in risky assets. An additional factor is the uncertainty around trade tariffs.

2.US pro-crypto policy and more clarity in regulation

3.Expanding the use of stablecoins among traditional financial institutions

4.The return of the "bitcoin = hard money and digital gold" narrative as a hedge against currency risks and tariffs

n Q1, the industry also reached historic highs:

•Stablecoins: $218 billion

•Tokenized assets: $19 billion

•BTC Futures Trading: $800+ Billion

•Open interest: $16 billion

•BTC on the balance sheet of public companies: ~688,000

•Ethereum and L2 transactions: $1.2 billion+

“The fall in confidence in institutes opens the door for bitcoin as a global asset,” said BitWise.

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