Galaxy Digital’s research arm has made some bold predictions for the future of the two largest cryptocurrencies in 2025. According to Alex Thorn from Galaxy Research, Bitcoin is expected to surge by nearly 100% from its current levels before the end of 2025. Thorn predicts that Bitcoin will surpass $150,000 in the first half of the year and potentially reach or exceed $185,000 in the fourth quarter of 2025. This surge is expected to be driven by increased adoption of Bitcoin by institutions, corporations, and even nation-states.
Thorn believes that Bitcoin has historically appreciated faster than other asset classes like the S&P 500 and gold, and this trend is likely to continue in 2025. He also predicts that Bitcoin will reach 20% of gold’s market cap by the end of the year. Additionally, Thorn anticipates that Bitcoin exchange-traded products (ETPs) will see significant inflows in 2025, with US spot Bitcoin ETPs collectively reaching $250 billion in assets under management.
On the other hand, Ethereum (ETH) is also expected to see substantial growth in 2025. Thorn forecasts that ETH will trade above $5,500 next year, driven by regulatory developments in decentralized finance (DeFi) and staking. He predicts that new partnerships between DeFi and traditional finance, as well as the emergence of layer-2 networks based on Ethereum technology, will contribute to ETH reaching new all-time highs. Thorn also expects NFT trading volumes to rebound significantly in 2025.
At the time of writing, Bitcoin is trading at $93,687 and ETH is trading at $3,420. These price points serve as a reference for the predicted growth in 2025. Overall, Galaxy Digital’s research arm is optimistic about the future of both Bitcoin and Ethereum, with significant potential for growth and adoption in the coming years.
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