Bitcoin (BTC) Price Predictions: Galaxy Research Bullish, Envisions $185K by Q4 2025

The Bitcoin price may surge past $185,000 next year as top companies and nation states buy into the king of cryptos, says Galaxy Research.

Join our Telegram channel to stay up to Galaxy Research predicts that the Bitcoin price will surge past $185,000 next year as top companies and nation states buy into the king of cryptos, according to a recent analysis by Galaxy Research.

The firm predicts that five Nasdaq-100 companies and five countries will add Bitcoin to their balance sheets next year, further accelerating its mainstream adoption, which is being driven by increasing institutional, corporate, and nation-state adoption.

🔥 BULLISH: Galaxy Research predicts #Bitcoin is set to surpass $150K in H1 2025, potentially hitting $185K by Q4, driven by institutional, corporate, and nation-state adoption, with its market cap reaching 20% of gold’s. pic.twitter.com/YdFp8FywkP

— Cointelegraph (@Cointelegraph) December 28, 2024

The researcher also predicts that US spot Bitcoin ETFs will exceed $250 billion in assets under management (AUM) next year, and that at least one wealth management platform will allocate 2% or more of its assets to Bitcoin.

The report is also upbeat about Bitcoin’s future in decentralized finance (DeFi), projecting that the total value of Bitcoin locked in DeFi will double from its current $11 billion.

Moreover, by 2024, more than half of the top 20 Bitcoin mining companies are expected to partner with AI or hyperscalers, shifting into high-performance computing. The report also anticipates that Bitcoin could capture 20% of gold’s market capitalization by 2024, signaling broader mainstream adoption.

Galaxy also predicts that the price of Ethereum will reach $5,500 by Q4 2025.

Countries exploring Bitcoin as strategic reserve asset

As Bitcoin’s global adoption expands, countries are increasingly considering it as a strategic reserve asset, with recent reports indicating that Hong Kong and Germany are leading the charge.

In Hong Kong, legislator Wu Jiezhuang has proposed adding Bitcoin to the Exchange Fund to bolster financial security as global crypto dynamics shift.

While the fund doesn't currently target crypto assets, it does allow for limited diversification. Given Hong Kong's growing crypto-friendliness, with 12 Bitcoin-linked ETFs already listed, a Bitcoin reserve could be on the horizon.

In Germany, former finance minister Christian Lindner has urged the European Central Bank and Bundesbank to consider including Bitcoin in their reserves, highlighting that the US is considering integrating crypto-assets into traditional reserves and that Europe must remain competitive.

Other countries, like Russia, are also considering Bitcoin reserves, while Japan has currently nixed the idea. In the US, following Donald Trump’s 2024 victory, several states, including Wyoming, are considering proposals to add Bitcoin to their state reserves.