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Q1 2025 Quarterly investment outlook

Sector updates Research reports

This is our Q1 2025 quarterly investment outlook, a report from Sygnum Investment Research. 

Report highlights: 

  • The coming months will be centred around the new Trump administration’s delivery of crypto related policies, progress in US crypto regulation, and visibility on the SEC’s new approach to crypto assets.
  • The possibility of a US strategic crypto reserve, along with Bitcoin reserves proposed by more nations, US states, and local governments increase bitcoin’s fundamental value.
  • Memecoins are now the largest “application” sector in the crypto market, and their growth also led to an increase in the market share of decentralised exchanges vs their centralised counterparts.
  • The surge of memecoin activity has supported the rise of Solana but this comes with a risk.
  • Ethereum’s lasting underperformance has led to a sense of crisis and it is catalysing changes.
  • Establishing a comprehensive regulatory framework for crypto assets in the US could benefit innovation across crypto use cases.
  • The rise of Hyperliquid, a self-funded project that delivered the most lucrative airdrop to date, with a token linked to the revenue generated by the project is a promising sign that the market is likely to appreciate and reward real value.
  • The ban of Polymarket in several countries and the outgoing SEC Chairman’s last-minute lawsuit against Helium highlight that the regulatory status of various crypto applications remains unclear.
  • The rise of crypto AI agents creates opportunities as their potential uses are explored but for now tokens of the AI agents remain highly speculative, with the platforms launching the agents the most obvious immediate beneficiaries.
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This 18-page report is available to qualified investors. Please find further insights and news from our team  here.

Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorisation or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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Disclaimer:

The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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