The price of Bitcoin made history in 2024, and if a recent report is to be believed, the leading cryptocurrency could reach $150,000 in the first half of 2025 and possibly hit $185,000 by the fourth quarter.
Galaxy Research, the research arm of digital asset management company Galaxy, release of this report last week, and with that, it has aligned itself with another digital asset management company, VanEck, who also predicted Bitcoin appreciating more than 50% from its current levels by 2025.
Key quotes from the Galaxy Research report share on the company's X account provide insight into their outlook for Bitcoin and the wider cryptocurrency ecosystem.
The firm predicted that Bitcoin exchange-traded products (ETPs) will continue to boom, surpassing $250 billion in assets under management (AUM) by 2025. Alex Thorn, the firm's Head of Research, marked on X that US Bitcoin ETPs are just $24 billion shy of overtaking all US gold ETPs in AUM.
Galaxy Research reported another big projection related to Ethereum's native token, Ether, and said that it will trade over $5,500 in 2025. That will happen because of the relaxation in the regulations and the adaptation and experimentation of the corporations with the Ethereum technology.
Along with that, Ethereum's staking rate will increase by 50%, per report.
In the world of digital currency, staking means committing a certain amount of digital currency to a blockchain network for a certain period. This process plays a vital role in supporting the operations of the network, including authenticating transactions and maintaining its overall security.
“The Trump administration is likely to offer more regulatory clarity and guidance for the crypto industry in the U.S. Among other consequences, spot ETH ETPs will likely be allowed to take some percentage of the ETH they have on behalf of shareholders,” Galaxy Research posted on X.
According to the report, Dogecoin – the most popular memecoin and Elon Musk's favorite – will reach $1 by 2025.
“Dogecoin's market cap will be eclipsed by the Department of Government Efficiency, which will identify and successfully implement cuts in amounts exceeding Dogecoin's high-water mark market cap in 2025,” Galaxy Research posted on X.
Besides these forecasts, the report offers optimistic predictions for stables, the best publicly traded companies adopting Bitcoin, and other trends in the market. However, he clearly mentioned that these projections are not intended as investment advice but merely indicate possible market directions.