Bitcoin to Hit Record Highs Around $185K by 2025 as Nation-States Buy: Galaxy Research
Galaxy’s Bitcoin Market Predictions
Galaxy Research has predicted that five Nasdaq-100 companies and five nation-states will add bitcoin to their balance sheets or sovereign wealth funds next year, boosting global adoption of the cryptocurrency.
Total assets under management (AUM) of U.S. spot bitcoin exchange-traded funds (ETFs) are expected to surpass $250 billion by 2025. Additionally, at least one leading wealth management platform is set to announce a 2 billion-dollar allocation.
Bitcoin decentralized finance (DeFi) is also expected to grow, with the amount of BTC locked in DeFi doubling from $11 billion to more by next year.
The trend of bitcoin miners moving to high-performance computing (HPC) is expected to continue, with more than half of the top 20 mining companies set to announce partnerships with artificial intelligence (AI) companies or hyperscalers by 2025.
Ultimately, bitcoin is expected to reach 20% of gold’s market value next year.
