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Cryptocurrency News Articles

Galaxy Research Anticipates Bitcoin (BTC) Could Reach $150,000 in 2025

Dec 31, 2024 at 03:29 am

Galaxy Research, the research arm of the digital asset management firm Galaxy, released this report last week

Galaxy Research Anticipates Bitcoin (BTC) Could Reach $150,000 in 2025

Bitcoin price is expected to reach $150,000 in the first half of 2025 and $185,000 by Q4, according to a recent report by Galaxy Research, the research arm of digital asset management firm Galaxy.

This aligns with another projection by digital asset management firm VanEck, which anticipates Bitcoin appreciating by more than 50% from its current levels by 2025.

Key excerpts from Galaxy Research’s report, shared on the firm’s X account, provide a glimpse into their outlook for Bitcoin and the broader cryptocurrency ecosystem.

Spot Bitcoin ETPs to cross $250 billion in AUM

The firm predicts that spot Bitcoin exchange-traded products (ETPs) will continue to thrive, potentially surpassing $250 billion in assets under management (AUM) by 2025.

Alex Thorn, the firm’s Head of Research, noted on X that U.S. Bitcoin ETPs are just $24 billion shy of overtaking all U.S. gold ETPs in AUM.

suggesting that a new milestone is on the horizon.

Galaxy Research’s report also highlights another significant projection related to Ethereum’s native token, Ether (ETH). According to the report, ETH is expected to trade above $5,500 in 2025.

This development will be driven by the easing of regulations and increased corporate adoption and experimentation with Ethereum technology, the report suggests.

Along with this, the Ethereum staking rate will increase by 50%, as per the report.

In the world of cryptocurrency, staking involves committing a certain amount of cryptocurrency to a blockchain network for a specified period. This process plays a crucial role in supporting the network’s operations, including validating transactions and maintaining its overall security.

“The Trump administration is likely to offer greater regulatory clarity and guidance for the crypto industry in the U.S. Among other outcomes, it is likely that spot-based ETH ETPs will be allowed to stake some percentage of the ETH they hold on behalf of shareholders,” Galaxy Research posted on X.

Dogecoin will hit $1 in 2025

The report also predicts that Dogecoin (DOGE) — the most popular memecoin and a favorite of Elon Musk — will reach $1 by 2025.

“Dogecoin market cap will be eclipsed by the Department of Government Efficiency, which will identify and successfully enact cuts in amounts exceeding Dogecoin’s 2025 high-water mark market cap,” Galaxy Research posted on X.

Other than these forecasts, the report offers optimistic predictions for stablecoins, top publicly traded companies adopting Bitcoin, and other market trends. However, it clearly mentioned that these projections are not intended as investment advice but are purely illustrative of potential market directions.

News source:qz.com

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