Bitcoin is expected to reach a new high of around $185,000 in 2025, according to Galaxy Research. The move higher will be driven by institutional, corporate, and nation-state adoption. Five Nasdaq-100 companies and five nation-states are predicted to announce bitcoin adoption next year.
Galaxy’s head of research, Alex Thorn, expects a combination of these factors to propel bitcoin to new heights. The total assets under management (AUM) of U.S. spot bitcoin exchange-traded funds (ETFs) is expected to surpass $250 billion in 2025.
The report also predicts that bitcoin decentralized finance (DeFi) will boom, with the total amount of BTC locked in DeFi doubling next year from $11 billion. Furthermore, miners are expected to pivot towards high-performance computing, with more than half of the largest bitcoin mining firms announcing deals with artificial intelligence firms or hyperscalers.
Additionally, bitcoin is forecast to reach 20% of gold’s market cap next year. With institutional and corporate adoption on the rise, it seems that the world’s largest cryptocurrency is poised for a significant surge in value.
Source: https://www.coindesk.com/markets/2024/12/30/bitcoin-to-hit-record-around-185-k-in-2025-as-nation-states-buy-galaxy-research