CK Cheng, founder of cryptocurrency hedge fund ZX Squared Capital, recently shared exclusive insights, predicting that Bitcoin (BTC) could soar to $125,000 by the end of 2025. However, he also pointed out that Bitcoin may not be the only star in the ongoing crypto boom, and other blockchain assets could experience explosive growth. This view offers new perspectives for investors and highlights potential transformative trends in the crypto market.
Bitcoin’s Price Remains Stable, but Its Dominance Could Be Challenged
Despite recent market concerns over tariffs imposed by the U.S. on Mexico and Canada, Cheng remains confident about Bitcoin. He forecasts that Bitcoin’s price will not dip below $75,000 in the short term, attributing this to the market’s recognition of its long-term value. “The current volatility is just superficial,” Cheng stated in an interview with CoinDesk. “
For those investors willing to look to the future, the golden window for Bitcoin is now being built.” This outlook is based not only on technical analysis but also on his profound insights into the macroeconomic forces and the interactions between cryptocurrencies.
However, Cheng’s analysis clearly goes beyond just Bitcoin. He openly acknowledges that Bitcoin’s “dominance” in the crypto market may soon face challenges. “Currently, Bitcoin holds nearly 60% of the market share, but this level of concentration is not conducive to the healthy development of the ecosystem,” he noted. “For a vibrant crypto future, funds and innovation need to flow into a broader range of assets.” This perspective contrasts with the traditional “Bitcoin supremacy” view, offering the market a fresh outlook.
Rise of Altcoins: Ethereum and Solana Leading the Innovation Wave
According to Cheng, 2025 to 2026 will be a critical period for the crypto industry, marked by “a flourishing of diverse assets.” He believes that new policy adjustments and regulatory frameworks will inject vitality into the industry, particularly in the intersection of artificial intelligence and blockchain. “These changes won’t happen overnight, but they will pave the way for altcoins,” Cheng emphasized.
ZX Squared Capital has a particularly optimistic outlook on Ethereum (ETH) and Solana (SOL). As the pioneer of smart contracts, Ethereum is working hard to enhance its market position through technological upgrades, while Solana continues to attract more developers and users due to its high transaction throughput and lower costs.
Cheng explained, “Solana needs to maintain its performance edge, while Ethereum needs to prove itself again through scaling solutions. Both will play key roles in the future innovation race.” He also highlighted that AI-driven decentralized applications (DApps) could be the next big trend, with many of these projects likely to launch on major platforms like Ethereum and Solana.