What to know:
- Bitcoin is expected to reach a new high of around $185,000 next year, and ether is likely to rise above $5,500, the report said.
- Galaxy said institutional, corporate and nation-state adoption will drive the world’s largest cryptocurrency’s ascent.
- Five Nasdaq-100 companies and five nation states are expected to announce bitcoin adoption, the investment firm said.
As an analyst with over two decades of experience in the financial markets, I have seen my fair share of bull and bear runs, market crashes, and economic booms. However, the potential growth predicted for Bitcoin (BTC) and Ether (ETH) in the coming years is something that even my seasoned eyes haven’t witnessed before.
The forecast by Galaxy Research suggests a new high for BTC at around $185,000 next year, with ETH expected to rise above $5,500. Institutional, corporate, and nation-state adoption are tipped as the driving forces behind this meteoric rise. The report’s prediction of five Nasdaq-100 companies and five nation states adopting Bitcoin in the next year is particularly intriguing.
The anticipated surge in assets under management (AUM) of U.S. spot bitcoin exchange-traded funds (ETFs), reaching $250 billion by 2025, and the increase in Bitcoin’s decentralized finance (DeFi) are also noteworthy. The trend of miners pivoting to high-performance computing (HPC) and deals with artificial intelligence firms (AI) or hyperscalers is another aspect that adds depth to this fascinating narrative.
However, as they say, “When the U.S. Treasury starts buying Bitcoin on a regular basis, you know it’s going to be big.” I’m not suggesting that will happen anytime soon, but it does make for an amusing thought!
In conclusion, the road ahead for Bitcoin and Ether looks promising, and I would advise investors to keep a close eye on these digital assets. The journey may be volatile, but the potential rewards could be immense. As always, remember to invest wisely and never risk more than you can afford to lose. Happy trading!
According to a recent report by Galaxy Research, it’s predicted that Bitcoin (BTC), the leading cryptocurrency worldwide, might attain unprecedented levels next year and could potentially surpass or equal $185,000 during the final quarter of 2025.
As a seasoned analyst with extensive experience in the cryptocurrency market, I am confident that Ether (ETH), the second-largest digital currency, is poised for significant growth in the upcoming year. Based on my analysis and understanding of market trends, I predict that ETH will surpass $5,500 within the next 12 months.
My belief in this prediction stems from a combination of factors such as increased institutional adoption, growing use cases in the decentralized finance (DeFi) sector, and the ongoing development of Ethereum‘s scalability solutions like sharding. These factors, among others, will likely contribute to a strong bullish sentiment for Ether, driving its price upwards.
While I cannot guarantee that this prediction will come true, I encourage investors to closely monitor the market developments surrounding ETH and consider it as a potential investment opportunity in the coming months.
In 2025, the integration of institutions, companies, and national governments adopting Bitcoin is expected by Alex Thorn, the head of research at Galaxy Digital, to drive Bitcoin to unprecedented levels.
According to Galaxy, it’s projected that around ten major Nasdaq-100 firms and five nations are likely to announce their acquisition of Bitcoin for their financial portfolios or national reserves by next year. The report further suggests that this competition among countries will spur the next phase of Bitcoin adoption.
By the year 2025, it’s projected that the combined value of bitcoin exchange-traded funds (ETFs) operating in the United States will exceed a staggering quarter-trillion dollars, according to Galaxy’s prediction. Furthermore, it’s likely that one prominent wealth management firm will announce plans for a 2% or greater investment in bitcoin within the next year.
It’s anticipated that the expansion of Bitcoin-based Decentralized Finance (DeFi) will continue at a rapid pace, according to recent predictions by Galaxy. The value of Bitcoin locked within DeFi platforms could potentially double in the upcoming year, increasing from its current $11 billion.
It’s predicted that miners shifting towards advanced computing solutions, specifically High-Performance Computing (HPC), is likely to persist. By the year 2025, over half of the top 20 publicly traded Bitcoin mining companies are expected to disclose partnerships with Artificial Intelligence (AI) firms or major tech companies (hyperscalers). This information was included in the report.
Bitcoin will reach 20% of gold’s market cap next year, the report predicted.
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2024-12-30 12:54