The Maturity Phase: Institutional Dominance Slows Bitcoin’s Volatile Growth
The significant cut in Galaxy Research’s Bitcoin forecast—from 185,000 USD down to 120,000 USD for late 2025—is predicated on the structural transformation of the crypto market. The firm states that Bitcoin is entering a "maturity phase" defined by the ascendancy of institutional investment and spot ETFs.
This institutionalization means volatility is decreasing, and while the market foundation is stronger, the days of parabolic, retail-driven rallies are giving way to more moderate, steady growth. Galaxy's analysis points to lingering retail investor caution and the October liquidation event as factors dampening enthusiasm.
The report serves as a key strategic warning: the competitive landscape is changing. With capital rotating to AI, companies holding BTC in their treasuries must now prioritize operational sustainability and generating genuine business revenue to complement their asset holdings, rather than viewing Bitcoin merely as a primary source of speculative gain.
