Golden Finance reported that Wintermute issued a forecast for 2025 saying that this year cryptocurrencies will be more deeply integrated into traditional finance (TradFi) through exchange-traded funds (ETFs) and corporate holdings. The UAE and Europe may follow the United States in establishing BTC strategic reserves. Publicly traded companies will sell debt or equity to buy ETH, mimicking MicroStrategy’s (MSTR) Bitcoin acquisition policy, and a systemically important bank will offer spot cryptocurrency trading to customers.