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Digital asset and blockchain company Galaxy Research, led by head of research Alex Thorn, has released a forecast for 2025, predicting significant price movements and regulatory changes for large companies. cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).
Bitcoin on track for $185,000 by the end of 2025
According to According to Galaxy Research, Bitcoin is poised to cross $150,000 in the first half of 2025 and may reach or exceed $185,000 by the end of the year. This bullish outlook is supported by a combination of increasing adoption by institutions, companies and nation states.
Historically, Bitcoin has outperformed traditional asset classes, including the S&P 500 and gold, and this trend is expected to continue as it accounts for approximately 20% of gold’s market capitalization.
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The report notes that the US is spotting Bitcoin exchange traded products (ETPs) are expected to exceed $250 billion in assets under management (AUM) by 2025.
With net inflows of over $36 billion by 2024, these ETPs have become the most successful launch cohort in history, attracting investments from major hedge funds and institutional players.
As Bitcoin solidifies its position as a leading asset, Galaxy Research predicts that at least one prominent wealth management platform will recommend Bitcoin allocation of 2% or more. This shift is expected to further drive inflows into Bitcoin ETPs, increasing their assets under management.
The report also highlights the likelihood of reaching consensus on significant protocol upgrades among Bitcoin developers, which has historically been difficult to achieve, and is expected to include improvements that improve the programmability of transactions.
Dogecoin poised for revival
Ethereum is expected to trade above $5,500 by 2025, driven by easing regulations for decentralized finance (DeFi) and increased institutional interest.
Galaxy Research expects stake rates in Ethereum to exceed 50%, with the possibility that spot-based ETH exchange-traded funds may be allowed to stake a portion of the ETH they hold.
The decentralized finance (DeFi) market for Bitcoin is also expected to grow significantly. According to the company, the amount of Bitcoin captured in DeFi smart contracts could nearly double by 2025.
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The report predicts that too Dogecoin will reach a market cap of $100 billion, potentially breaching the $1 mark amid broader market dynamics, including institutional adoption and new regulatory frameworks that could impact the future of meme-based cryptocurrencies.
On the regulatory front, Galaxy Research expects bipartisan legislation on stablecoin issuance to come into effect by the end of 2025, providing a clear framework for issuers.
Currently, BTC is trading at $94,648, showing a loss of 1% in the last 24 hours. Ethereum, on the other hand, has a price of $3,359, reflecting a 1% increase over the same period. Dogecoin has a price of $0.314 and is experiencing a minimum gain of only 0.5% during this period.
Featured image of DALL-E, chart from TradingView.com
