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Galaxy Digital: Bitcoin may reach 20% of gold’s market value by 2025
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2024-12-31 20:02 442
Golden Finance reported that Alex Thorn, director of research at cryptocurrency asset management company Galaxy Digital, believes that Bitcoin will break through $150,000 in the first half of the year and reach $185,000 in the fourth quarter. Alex Thorn wrote in a research note, “Adoption by institutions, businesses, and national institutions will drive Bitcoin to new heights in 2025. During its lifetime, Bitcoin has appreciated faster than all other asset classes, especially S&P 500 and gold, this trend will continue in 2025 and Bitcoin will reach 20% of gold’s market capitalization.” Galaxy predicts that U.S. spot Bitcoin ETFs will surpass $250 billion in assets under management by 2025. The company expects five more Nasdaq 100 companies and five countries to add Bitcoin to their balance sheets or sovereign wealth funds next year. (CNBC)
Keywords: Bitcoin
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