Bitcoin (BTC), the world’s largest cryptocurrency, is more likely to attain new highs subsequent 12 months and can “take a look at or greatest” $185,000 within the fourth quarter of 2025, Galaxy Analysis mentioned in a report final week.
Ether (ETH), the second-largest crypto, is predicted to rise above $5,500 within the subsequent 12 months, the report mentioned.
“A mix of institutional, company and nation state adoption will propel bitcoin to new heights in 2025,” wrote Alex Thorn, Galaxy’s head of analysis.
Galaxy mentioned it expects 5 Nasdaq-100 corporations and 5 nation states to say they’ve added bitcoin to their stability sheets or sovereign wealth funds subsequent 12 months, and competitors amongst these international locations will drive the following wave of adoption, the report mentioned.
The entire belongings beneath administration (AUM) of U.S. spot bitcoin exchange-traded funds (ETFs) is anticipated to surpass $250 billion in 2025, Galaxy forecast, and no less than one main wealth administration platform will announce a bitcoin allocation of two% or greater subsequent 12 months.
Bitcoin decentralized finance (DeFi) can also be anticipated to growth, Galaxy mentioned. The entire quantity of BTC locked in DeFi is forecast to double subsequent 12 months from the present $11 billion.
The pattern of miners pivoting to high-performance computing (HPC) is anticipated to proceed, and greater than half of the 20 largest listed bitcoin mining companies will announce offers with synthetic intelligence companies (AI) or hyperscalers in 2025, the report added.
Bitcoin will attain 20% of gold’s market cap subsequent 12 months, the report predicted.
Learn extra: Crypto Markets Have Benefited From a Constructive Surroundings Since U.S. Election: Citi