Galaxy Digital: Bitcoin may reach 20% of gold's market value by 2025
This article is machine translated
Show original
Odaily reports that Alex Thorn, the head of research at the cryptocurrency asset management firm 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. In a research report, Alex Thorn wrote, "Adoption by institutions, corporations, and nation-states will drive Bitcoin to new highs by 2025. During its existence, Bitcoin's appreciation rate has outpaced all other asset classes, particularly the S&P 500 index and gold, and this trend will continue in 2025. Bitcoin will also reach 20% of gold's market capitalization." Galaxy predicts that the assets under management of the U.S. spot Bitcoin ETF will exceed $250 billion by 2025. The company also expects that next year, five Nasdaq 100 index companies and five countries will add Bitcoin to their balance sheets or sovereign wealth funds.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content