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Bitcoin (BTC) to Surpass $150K in 2025 Amidst Institutional Adoption, Predicts Galaxy Research
Galaxy Research has recently released a report forecasting significant growth for the cryptocurrency market, particularly Bitcoin (BTC), which is expected to surpass $150,000 by the first half of 2025. This prediction is based on an analysis conducted by the team in late 2024 and envisions a future where BTC reaches unprecedented heights.
The report anticipates that Bitcoin’s surge will be driven by institutional, corporate, and governmental adoption. Historically, Bitcoin has outperformed traditional asset classes like the S&P 500 and gold, a trend likely to continue in the upcoming year.
Moreover, Galaxy Research predicts that Bitcoin will capture 20% of gold’s market capitalization. This forecast suggests substantial growth for the cryptocurrency and its potential to surpass other investment options.
Another crucial aspect highlighted in the report is the expected growth of U.S. spot Bitcoin Exchange-Traded Products (ETPs). The team anticipates these ETPs to collectively surpass $250 billion in assets under management by 2025. This follows impressive net inflows of over $36 billion in 2024, making it the most successful launch in history.
Institutions such as major hedge funds and investment boards have already invested in these ETPs, indicating a growing interest in Bitcoin. Moreover, Galaxy Research predicts that at least five companies from the Nasdaq 100 and five nation-states will publicly announce the inclusion of Bitcoin in their balance sheets or sovereign wealth funds by 2025.
The report also touches on potential developments within the Bitcoin protocol, with consensus among developers expected to be reached regarding a significant upgrade involving transaction programmability. While the exact upgrades may not activate within the year, the team expects agreement on opcodes like OP_CTV (BIP 119) and OP_CAT (BIP 347), setting the stage for future developments.
Beyond Bitcoin, Galaxy Research offers predictions for Ethereum and decentralized finance (DeFi). The report forecasts that Ethereum will trade above $5,500 by the end of the year. This growth is expected to be driven by regulatory relaxations and partnerships between DeFi and traditional finance (TradFi).
Additionally, DeFi applications are anticipated to distribute over $1 billion in nominal value to users and token holders, marking a new era of value sharing.
Source: Blockchain.News
