Wintermute Predicts Stablecoin Deals and Global Bitcoin Reserves in 2025
Wintermute forecasts deeper integration of crypto into traditional finance (TradFi) in 2024 through:
- Exchange-traded funds (ETFs)
- Corporate holdings
- Settling major corporate events in stablecoins
Additional predictions include:
- The U.S. initiating consultations for a strategic bitcoin reserve, with China, the UAE, and Europe following.
- A publicly listed company selling debt or shares to acquire ether.
- A significant bank offering spot cryptocurrency trading services.
In 2023, over-the-counter (OTC) institutional trading volumes tripled after the approval of bitcoin ETFs and subsequent ether ETFs. Key metrics included:
- Average OTC trade size increased by 17%
- Total volume surged by 313%
- Record-breaking single-day OTC volume reached $2.24 billion
- Derivatives volumes rose by over 300%
Memecoins saw market share double to 16%, driven by Solana ecosystem tokens like dogwifhat (WIF), bonk (BONK), and ponke (PONKE).
CEO Evgeny Gaevoy highlighted that growth was spurred by demand for sophisticated financial products, signaling a maturing market aligning more closely with traditional finance.