Bitcoin will surpass $150,000 in the first half of 2025 and test or exceed $185,000 in Q4, according to analysts from Galaxy Research.

01 – Bitcoin will cross $150k in H1 and test or best $185k in Q4 2025.

A combination of institutional, corporate, and nation state adoption will propel Bitcoin to new heights in 2025. Throughout its existence, Bitcoin has appreciated faster than all other asset classes,… pic.twitter.com/KJKE1hcrSw
— Galaxy Research (@glxyresearch) December 27, 2024

“Throughout its existence, Bitcoin has grown faster than other asset classes, including the S&P 500. This trend is set to continue next year,” the experts noted.

They also predict that total AUM for spot Bitcoin ETFs will reach $250 billion. At the time of writing, the figure stands at $106 billion, according to SoSoValue.

“Just a year after being approved in the U.S., Bitcoin-based exchange-traded products are only 19% behind the AUM of physical gold funds,” the analysts stated.

03 – Bitcoin will again be among the top performers on a risk-adjusted basis among global assets in 2025.

The AUM comparison above is due to both record inflows and Bitcoin price appreciation throughout 2024. Indeed, Bitcoin is the 3rd best performing asset on a risk adjusted… pic.twitter.com/gXmDTK9HcU
— Galaxy Research (@glxyresearch) December 27, 2024

According to their forecast, Bitcoin will “once again rank among the top-performing assets” when adjusted for risk. Currently, the cryptocurrency trails only MicroStrategy and NVIDIA in this category.

02 – The U.S. spot Bitcoin ETPs will collectively cross $250bn AUM in 2025.

In 2024, the Bitcoin ETPs collectively took in more than $36bn in net inflows, making them the best ETP launch as a cohort in history. Many of the world’s major hedge funds bought the Bitcoin ETPs,… pic.twitter.com/wZfQ0gtuCA
— Galaxy Research (@glxyresearch) December 27, 2024

Additional Projections:

At least one leading asset management platform will recommend a Bitcoin allocation of 2% or more.
Five Nasdaq-100 companies and five countries will establish Bitcoin reserves.
Bitcoin developers will reach consensus on an upgrade next year.
Over half of the top 20 publicly traded miners will transition to or partner with hyperscale data centers, AI firms, and high-performance computing specialists.
Total value locked (TVL) in Bitcoin-based decentralized applications will double.
Ethereum will trade at $5,500, with 50% of its tokens staked.
The total market capitalization of stablecoins will double to exceed $400 billion.
Dogecoin will “finally hit $1.”

According to the analysts, institutional adoption and recognition by various governments will be key drivers of Bitcoin’s growth.

Previously, Galaxy Digital CEO Mike Novogratz predicted Bitcoin could reach $500,000 if the U.S. incorporates it into its strategic reserve.