Author: Brayden Lindria; Source: cointelegraph; Compiler: W3C DAO

High grayscale Guan said that while the crypto industry had "two big wins" last year with spot crypto exchange-traded funds and Republican Donald Trump's victory in the U.S. election, 2025 is likely to see a lot of "small wins."

Grayscale Research General Manager Zach Pandl said in a recent webinar: "This year, I expect the industry to achieve dozens of Small wins. ” He pointed to greater institutional adoption, more comprehensive legislation from Congress, and the potential of Bitcoin.

In an interview with Ric Edelman, founder of the Council of Digital Asset Financial Professionals on January 15, Pandel also stated that he believed It’s not “completely crazy” for Bitcoin to reach $500,000 by 2030.

More institutional adoption is likely to come from pensions, Pandl said and endowments, he has been meeting with more fund managers interested in cryptocurrencies after a decade of largely ignoring the industry.

"Over the past decade it would have been easy for them to ignore it, deny it or push it aside, but now they all realize they can no longer do that. ”

Pandl explained that many pension and endowment funds have started the process of incorporating cryptocurrencies into their investment portfolios, and approval for some of these funds may only take 6 to 12 months.

Pandl said some portfolio managers have allocated up to 5% of their funds to cryptocurrencies, although they are still "in the trial phase."

To name a few, according to the Financial Times, pension funds in the US states of Wisconsin and Michigan have become the largest holdings of cryptocurrency-focused US stock market funds Some pension fund managers in the UK and Australia have also made small allocations to Bitcoin through funds or derivatives in recent months.

British pension fund advisory firm Mercer has also received a flood of inquiries from trustees who don’t want to be left in the dark about popular asset classes. Most pension funds have turned to regulated U.S. spot Bitcoin or Ethereum ETFs that were approved last year.

In the UK, pension consultancy Cartwright has facilitated the first Bitcoin transaction, with an undisclosed small pension scheme investing approximately £1.5 million directly in Bitcoin , hoping to fill the funding gap through excess returns.

Australia's AMP Pension Fund Management Company has also used Bitcoin to improve returns. AMP senior portfolio manager Steve Flegg said that although cryptocurrencies are risky and novel, their size and potential cannot be ignored, so The AMP portfolio already has a modest allocation to Bitcoin futures

Additionally, Pandl also expects sovereign wealth funds outside the United States to increase their exposure to crypto in the coming months. Currency Investments

Pandl also talked about Ethereum’s huge potential for institutional adoption, calling it the most important ever One of the open source software projects.

Pandl added that decentralized finance, real-world assets and artificial intelligence tokens may also attract institutional attention from private equity funds.

Pandl The optimism comes just five days before Trump's inauguration, expected to lead the most pro-cryptocurrency administration yet.