Bitcoin (BTC) Price to Soar Near $185K by 2025 as Countries Adopt: Galaxy Research
Bitcoin (BTC), the world’s largest cryptocurrency, is likely to hit new highs next year and “try or best” $185,000 in the fourth quarter of 2025, Galaxy Research said in a report last week.
Ether (ETH), the second largest crypto, is predicted to rise above $5,500 in the next 12 months, the report said.
“The combination of institutional, corporate and nation state adoption will propel bitcoin to new heights by 2025,” wrote Alex Thorn, Galaxy’s head of research.
Galaxy said it expects five Nasdaq-100 companies and five states to say they have added bitcoin to their balance sheets or sovereign wealth funds in the next year, and competition among these countries will drive the next wave. of adoption, the report said.
Total assets under management (AUM) of US spot bitcoin exchange-traded funds (ETFs) are expected to exceed $250 billion by 2025, Galaxy forecasts, and at least one leading wealth management platform will announce a bitcoin allocation of 2% or higher next time. year.
Bitcoin decentralized finance (DeFi) is also expected to boom, Galaxy said. The total amount of BTC locked in DeFi is estimated to double in the next year from the current $11 billion.
The trend of miners pivoting to high-performance computing (HPC) is expected to continue, and more than half of the 20 largest listed bitcoin mining firms will announce deals with artificial intelligence firms (AI) or hyperscalers by 2025, the report added.
Bitcoin will reach 20% of gold’s market cap next year, the report predicted.
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