Bitwise Sets NEAR 2030 Base Case Target at $155, Extreme Scenario Could Reach $562

BlockBeats news, September 27: Bitwise has submitted its final prospectus for its NEAR spot ETF, while also publishing a 39-page NEAR investment report, co-authored by Bitwise Chief Investment Officer Matt Hougan.

The report provides multiple scenario forecasts for NEAR: under the base case, NEAR is expected to reach $155 by 2030; under the extreme bullish scenario, the target price is $562; under the bearish scenario, it is $1.63. The report does not shy away from the risk of a significant downside in NEAR's price.

In the extreme bullish scenario, Bitwise compares NEAR with Visa. The report notes that Visa processed $15.7 trillion in payment transaction volume in 2024 and currently has a market capitalization of approximately $701 billion, using this as one of the references for assessing NEAR's potential future value. The report also includes a link to the product page for Bitwise's European NEAR ETP at the end.