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 mixture 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 firms and 5 nation states to say they’ve added bitcoin to their steadiness sheets or sovereign wealth funds subsequent 12 months, and competitors amongst these nations will drive the following wave of adoption, the report mentioned.
The full belongings underneath administration (AUM) of U.S. spot bitcoin exchange-traded funds (ETFs) is predicted to surpass $250 billion in 2025, Galaxy forecast, and at the very least one main wealth administration platform will announce a bitcoin allocation of two% or larger subsequent 12 months.
Bitcoin decentralized finance (DeFi) can also be anticipated to growth, Galaxy mentioned. The full 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 predicted 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