Galaxy Digital "BTC to hit $185,000 this year... Gold market cap reaches 20%"

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"At least 5 countries, BTC adoption as a strategic asset by 2025"

Galaxy Digital "BTC recorded $185,000 this year... Gold market cap reached 20%"
Cryptocurrency investment firm Galaxy Digital forecasted that BTC prices will surge in 2025, as major countries and companies choose BTC amid changing geopolitics and the need to diversify asset portfolios.

Galaxy Digital, in its report 'Cryptocurrency Predictions for 2025', projected that 5 major countries and 5 top Nasdaq companies in the US will adopt BTC.

Galaxy Digital pointed out that BTC will be adopted in the context of global power struggles and competition to accumulate wealth. Galaxy Digital explained that "the competition between national powers over BTC will lead each power to choose strategies to mine or acquire BTC."

Galaxy Digital forecasted that BTC will see a net inflow of $36 billion through US spot ETFs in 2024, and the assets under management of US BTC spot ETFs will reach $250 billion in 2025.

Galaxy Digital said that due to geopolitical factors around BTC, its price will exceed $150,000 in the first half of 2025 and reach $185,000 in the fourth quarter. It also emphasized that the surge in BTC price will make its total market cap reach about 20% of gold's total market cap.

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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.
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