Join our Telegram channel to stay up to date on breaking news coverage
bitcoin price may surpass $185,000 next year as major companies and nation states buy up the king of cryptocurrencies, says Galaxy Research.
Driven by growing institutional, corporate and nation-state adoption, the firm forecasts that five Nasdaq-100 companies and five countries will add bitcoin to their balance sheets next year, further accelerating its widespread adoption.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.491803278689″>
BULLISH: Galaxy Research predicts <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin It is expected to exceed $150,000 in the first half of 2025, potentially reaching $185,000 in the fourth quarter, driven by institutional, corporate and nation-state adoption, and its market capitalization will reach 20% of the of gold. pic.twitter.com/YdFp8FywkP
— Cointelegraph (@Cointelegraph) <a target="_blank" href="https://twitter.com/Cointelegraph/status/1872975787852480819?ref_src=twsrc%5Etfw”>December 28, 2024
US bitcoin Spot ETFs Could Surpass $250 Billion in Assets Under Management (AUM) Next Year, and At Least One Wealth Management Platform Will Allocate 2% or More of Its Assets to bitcoin Next year, the researcher said.
The report is also optimistic about the future of bitcoin in the decentralized finance (DeFi) sector, projecting that the total value of bitcoin locked in DeFi will double from its current $11 billion.
Additionally, by 2025, more than half of the top 20 bitcoin mining companies are expected to form partnerships with artificial intelligence or hyperscalers, transitioning to high-performance computing. The report also anticipates that bitcoin could capture 20% of gold's market capitalization by 2024, indicating broader mainstream adoption.
Galaxy also predicts that the price of ethereum will reach $5,500 in the fourth quarter of 2025.
Global bitcoin Adoption Drives Strategic Reserve Exploration
As the global adoption of <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/”>bitcoin is growing, countries are increasingly exploring it as a strategic reserve asset, and news has recently emerged that Hong Kong and Germany are leading the way.
In Hong Kong, lawmaker Wu Jiezhuang proposed adding bitcoin to the Exchange Fund to improve financial security amid changing global crypto dynamics.
Although it does not currently target crypto assets, it does allow for limited diversification and Hong Kong's increasingly crypto-friendly environment, with 12 bitcoin-linked ETFs already listed, suggests that a bitcoin reserve could be on the horizon.
Meanwhile, in Germany, former Finance Minister Christian Lindner has called for the European Central Bank and the Bundesbank to consider including bitcoin in their reserves. He emphasized that the United States is weighing the option of incorporating crypto assets alongside traditional reserves and said Europe must remain competitive.
Other countries, such as Russia, are also exploring bitcoin reserves, while Japan has so far ruled out the idea. Following Donald Trump's victory in 2024, several US states, including Wyoming, are considering proposals to add bitcoin to their state reserves.
Related articles
The Newest Meme Coin ICO – Wall Street Pepe
- Audited by Coinsult
- Early Access Pre-Sale Round
- Private Trading Alpha for $WEPE Army
- Betting pool: Highly dynamic APY
Join our Telegram channel to stay up to date on breaking news coverage
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
