Happy Tuesday!

Bitcoin is still projected to hit $200,000 this year, according to Bitwise, but ETH and SOL aren’t as certain to reach fantastical new highs — here’s why.

Elon Musk and Donald Trump are beefing again, and this time it could get serious; meanwhile, the odds of Musk founding a new political party this year are surging.

Plus, check out why today’s sponsor, Likefolio, continues to bet big on Tesla.

TOP STORY

Bitcoin To Hit $200,000 In 2025, But New ETH, SOL Highs Remain In Doubt, Bitwise Says

Bitwise Asset Management says Bitcoin, Ethereum and Solana are expected to reach new all-time highs in 2025, with Bitcoin projected to trade above $200,000.

The prediction, shared in Bitwise’s mid-year forecast review, reflects the firm’s continued confidence in rising institutional demand and favorable market conditions for the second half of the year.

Bitcoin has already set a new record this year, briefly hitting $112,000 in May, driven by strong flows into spot Bitcoin ETFs, the establishment of a U.S. strategic Bitcoin reserve and corporate treasury demand.

However, the firm said it is less certain about Ethereum and Solana.

What’s behind their caution on ETH and SOL?

Read the full scoop here.

SPONSORED CONTENT

Why We Are (Still) Betting Big on Tesla

It’s up 19x since our initial entry.

We want more.  Way more.

Here’s the reasoning behind our latest asymmetrical, binary bet:

Read our full breakdown before this window closes.

QUICK N DIRTY

Bitcoin, Ethereum, XRP and Dogecoin are struggling on the first day of the third quarter: what is going on with them?

Bitcoin usually battles weakness in Q3s, with this time of the year historically being the weakest for crypto: what can you expect this time?

BTC and ETH could soon help you secure a mortgage — here’s what opportunity Cathie Wood sees for crypto in the mortgage market. 

FINTECH FOCUS

Elon Musk Slams Donald Trump's 'Insane Spending Bill' As Polymarket Odds Of 'America Party' Launch Surge

SpaceX CEO Elon Musk has reiterated threats to form a new “America Party,” as his public feud with President Donald Trump over the “Big Beautiful Bill” continues to gather steam.

The calls for a new U.S. political party gained momentum on July 1 after Musk sharply criticized President Trump's proposed bill, a federal spending package Musk labeled a "disgusting abomination" due to its tax breaks and cuts to essential programs like healthcare and food assistance.

President Trump responded to Musk’s threats on Tuesday morning by announcing that ‘DOGE’ may “look into” the billionaire’s businesses. TSLA is down over 5% on the day at the time of writing.

How serious is Elon Musk about a new ‘America Party’, and what does this mean for BTC?

Read the full scoop here.

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