Steno Research forecasts a remarkable 2025 for cryptocurrencies, predicting Bitcoin could reach $150,000 and Ethereum $8,000, driven by rising institutional interest and significant inflows into cryptocurrency ETFs. Supportive regulations and favorable macroeconomic conditions are expected to enhance investor confidence, positioning these digital assets for substantial growth. However, potential risks from regulatory changes and market volatility remain, raising questions about the sustainability of this bullish outlook.