Crypto News

Bitcoin will reach $185,000 in 2025, according to a leading cryptocurrency firm.

Illustration: Chesnutt (Getty Images)
Illustration: Chesnutt (Getty Images)

The price of Bitcoin made history in 2024, and if a recent report is to be believed, the flagship cryptocurrency could reach $150,000 in the first half of 2025 and potentially reach $185,000 by the fourth quarter.

Galaxy Research, the research arm of digital asset management company Galaxy, issued this report Last week, it joined another digital asset management company, VanEck, who also predicted that the value of Bitcoin would rise by more than 50%. from current levels by 2025.

Key excerpts from the Galaxy Research report It was shared on the company’s X account Providing a glimpse into their outlook on Bitcoin and the broader cryptocurrency ecosystem.

The company expects that Bitcoin exchange-traded products (ETPs) will continue to thrive, potentially exceeding $250 billion in assets under management (AUM) by 2025. Alex Thorne, the company’s head of research, said, Marked with an X US exchange-traded bitcoin products are only $24 billion away from surpassing all US exchange-traded gold products in assets under management.

Galaxy Research reported another big forecast regarding Ethereum’s native token, Ether, and said it will trade at over $5,500 in 2025. This will happen due to regulations easing and companies adapting and experimenting with Ethereum technology.

Additionally, the staking rate on Ethereum will increase by 50% per report.

In the world of cryptocurrencies, Staking It involves committing a certain amount of cryptocurrency to the blockchain network for a specific period. This process plays a crucial role in supporting network operations, including validating transactions and maintaining its overall security.

“The Trump administration will likely provide greater regulatory clarity and guidance to the U.S. cryptocurrency industry. Among other outcomes, exchange-traded ETH producers on a spot basis will likely be allowed to acquire a certain percentage of the ETH they hold on behalf of shareholders,” Galaxy Research published on X.

According to the report, Dogecoin – Elon Musk’s most popular memecoin – will reach $1 by 2025.

“The Ministry of Efficiency will outperform Dogecoin’s market capitalization, which will identify and successfully implement reductions in amounts exceeding Dogecoin’s high market capitalization for the year 2025,” Galaxy Research is published on X.

Beyond these forecasts, the report provides optimistic forecasts for stablecoins, top publicly traded companies adopting Bitcoin, and other market trends. However, it is clearly stated that these forecasts are not intended to provide investment advice but only indicate potential market trends.

To get the latest news, Facebook, twitter and Instagram.



https://media.zenfs.com/en/quartz.com/ee1b74f935dacb8fbdb544a84899c95e

2024-12-30 22:30:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button