In its latest report, Galaxy Research has made bold predictions for Bitcoin and the overall crypto market. As per Galaxy Research, Bitcoin will potentially touch the $185K mark in the initial half of the next year while it may test $185,000 by 2025’s end. In addition to this, the research platform also made some other predictions for 2025 which are discussed below. The platform took to social media to discuss the potential position of the top crypto token in the upcoming months.
Bitcoin to Potentially See the $185k Mark Next Year, Maintaining Its Dominance Over Gold
Galaxy Research pointed out that, getting momentum from the wide-level corporate and institutional adoption, Bitcoin will likely reach $185k in 2025. In line with Bitcoin’s historical dominance over gold and the S&P 500, it will see a trend continuation even during the upcoming year. In addition to this, the platform also sees Bitcoin’s potential to reach twenty percent of the cumulative market capitalization of gold.
Bitcoin ETPs to Continue the Upward Trend from the Current Top 3rd Position
It added that during this year, Bitcoin exchange-traded products saw collective net inflows of nearly $36B. This made them the best ETPs and several prominent hedge funds purchased Bitcoin ETPs, including D.E. Shaw, Tudor, and Millennium. Additionally, Bitcoin took the top-3rd spot among the top-performing assets during this year. Based on this, Galaxy Research predicts Bitcoin’s resurge to a significant position among the top crypto performers during 2025.
cbBTC and WBTC to Climb by 150% and 30% in Terms of Supply Respectively
Apart from that, above half of the most famous twenty openly traded $BTC miners in terms of market capitalization will carry out new developments and partnerships. These endeavors will reportedly deal with cutting-edge and AI-focused entities to boost innovation in the Bitcoin market. Moreover, the platform also asserted that the value of the Bitcoin DeFi sector will also increase from the currently $15.4B mark. In this respect, cbBTC could see a 150% increase while WBTC might experience a 30% spike in supply.
Bitcoin Governance to Experience Cutting-Edge Developments During 2025
According to Galaxy Research, more clarity in the regulatory sector will also make a potential contribution to Bitcoin’s further market expansion. Along with that, a resurgence will potentially occur in onchain governance as the applications will likely experiment with cutting-edge governance models. Furthermore, the cumulative number of voters will also increase by a minimum of 20%. Keeping this in view, the year 2025 will reportedly be marked by significant positive developments surrounding the Bitcoin market.
