Galaxy Research Director: US ETPs are performing steadily; it's only a matter of time before Bitcoin follows gold as a hedge against currency devaluation.

[Galaxy Research Head: US ETPs Performing Stably, Bitcoin's Emergence as a Currency Devaluation Hedging Tool Following Gold is Only a Matter of Time] According to Mars Finance, Alex Thorn, Research Head at Galaxy, stated on the X platform that for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the last trading day of the year. Currently, investor sentiment towards Bitcoin is undoubtedly low, although some portfolio managers may reassess Bitcoin in January 2026. This year, Bitcoin has received many positive news, and this "positive" trend seems to have become the norm. Despite a lackluster performance at the end of the year, US Bitcoin ETPs have performed much more stably, with cumulative inflows decreasing by only 9% since reaching an all-time high of $62 billion in October, further highlighting the increasing maturity of this asset class. Galaxy believes that it may only be a matter of time before Bitcoin follows gold as a currency devaluation hedging tool, and several large asset allocators and central banks may ignite this trend.