Golden Finance reported that according to Cointelegraph, Grayscale Research Managing Director Zach Pandl said that following the two major victories of spot ETF approval and Trump’s election in 2024, the encryption industry will usher in more small-scale breakthroughs in 2025. He predicts that institutions such as pension funds and endowment funds will accelerate their entry, Congress will introduce more comprehensive legislation, and Bitcoin is expected to become a U.S. reserve asset. Pandl doesn’t think it’s “completely impossible” for Bitcoin to reach $500,000 by 2030. He revealed that some portfolio managers have begun to allocate up to 5% of crypto assets, and the approval process for more institutions is expected to be completed within 6-12 months. He is also particularly bullish on Ethereum’s institutional adoption prospects, calling it “one of the most important open source software projects.”