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Blockchain and digital asset firm Galaxy Research, led by head of research Alex Thorn, has published a forecast for 2025, predicting major price movements and regulatory changes in major cryptocurrencies including bitcoin (btc), ethereum (eth), and Dogecoin (DOGE).
bitcoin on track to hit $185,000 by end of 2025
<a target="_blank" href="https://x.com/glxyresearch/status/1872696283011662131″ target=”_blank” rel=”nofollow”>According According to Galaxy Research, bitcoin is poised to surpass $150,000 in the first half of 2025 and may reach or exceed $185,000 by the end of the year. This bullish outlook is supported by a combination of growing institutional, corporate and nation-state adoption.
Historically, bitcoin has outperformed traditional asset classes including the S&P 500 and gold, and this trend is expected to continue as it captures approximately 20% of gold's market capitalization.
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The report notes that US spot bitcoin exchange traded products (ETPs) are projected to exceed $250 billion in assets under management (AUM) by 2025.
With over $36 billion in net inflows recorded in 2024, these ETPs have become the most successful launch cohort in history, attracting investments from major hedge funds and institutional players.
As bitcoin cements its position as a leading asset, Galaxy Research predicts that at least one prominent wealth management platform will recommend bitcoin. assignment of 2% or more. This change is expected to further drive capital inflows into bitcoin ETPs, increasing their AUM.
The report also highlights the likelihood of reaching consensus on significant protocol upgrades among bitcoin developers, something that has historically been difficult to achieve, and is expected to include improvements that improve the programmability of transactions.
Dogecoin primed for resurgence
ethereum is projected to trade above $5,500 in 2025, driven by easing regulatory restrictions on decentralized finance (DeFi) and increased institutional interest.
Galaxy Research anticipates ethereum staking rates will exceed 50%, with the possibility that eth spot ETFs will be allowed to stake a portion of the eth they hold.
The decentralized finance (DeFi) market in bitcoin is also expected to grow significantly. According to the company, the amount of bitcoin locked in DeFi smart contracts could almost double by 2025.
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The report also predicts that Dogecoin will reach a market capitalization of $100 billion, potentially crossing the $1 mark amid broader market dynamics, including institutional adoption and new regulatory frameworks that may influence the future of meme-based cryptocurrencies.
On the regulatory front, Galaxy Research anticipates that bipartisan legislation governing the issuance of stablecoins will be enacted by the end of 2025, providing a clear framework for issuers.
Currently, btc is trading at $94,648, showing a 1% loss in the last 24 hours. ethereum, on the other hand, is priced at $3,359, reflecting a 1% increase over the same period. Dogecoin is priced at $0.314, experiencing minimal gains of just 0.5% during this time period.
Featured image of DALL-E, chart from TradingView.com
