Bitcoin Expected to Reach $185,000 by Q4 2025 According to Galaxy Research
Bitcoin (BTC), the largest cryptocurrency, is projected to reach new highs, potentially testing or exceeding $185,000 in Q4 2025, according to a recent Galaxy Research report.
Ether (ETH), the second-largest cryptocurrency, is expected to rise above $5,500 within the next year.
Alex Thorn, head of research at Galaxy, indicated that institutional, corporate, and nation-state adoption will drive Bitcoin's growth in 2025. The firm anticipates that five Nasdaq-100 companies and five nations will announce Bitcoin additions to their balance sheets or sovereign wealth funds in the coming year, with competition among countries further fueling adoption.
Galaxy forecasts that total assets under management (AUM) for U.S. spot Bitcoin exchange-traded funds (ETFs) will exceed $250 billion by 2025. At least one major wealth management platform is expected to declare a Bitcoin allocation of 2% or higher next year.
The Bitcoin decentralized finance (DeFi) sector is also anticipated to grow, with the amount of BTC locked in DeFi expected to double from the current $11 billion in 2024.
Trends indicate that miners will continue to shift towards high-performance computing (HPC), with over half of the 20 largest listed Bitcoin mining firms likely to announce partnerships with artificial intelligence (AI) companies or hyperscalers in 2025.
The report predicts that Bitcoin will capture 20% of gold's market cap next year.