Cryptocurrency analytics firm Galaxy Research has released its highly anticipated 2025 predictions, forecasting significant growth for Bitcoin, Ether, and even Dogecoin. The report, distributed to clients and counterparties, paints a bullish picture for the crypto market, driven by institutional adoption, technological advancements, and increasing mainstream acceptance.
Bitcoin’s Ascent to New Heights:
Galaxy Research predicts Bitcoin will surpass $150,000 in the first half of 2025 and potentially reach $185,000 by the end of the year. This surge is attributed to a confluence of factors, including growing adoption by institutions, corporations, and nation-states. The report highlights Bitcoin’s historical outperformance of traditional assets like gold and the S&P 500, a trend expected to continue. Furthermore, Bitcoin is projected to reach 20% of gold’s market capitalization.
The report also anticipates a surge in Bitcoin Exchange Traded Products (ETPs), forecasting a combined Asset Under Management (AUM) exceeding $250 billion in the US. This prediction builds upon the record inflows witnessed in 2024, with major hedge funds and institutional investors embracing Bitcoin ETPs.
Ethereum’s and Staking Boom:
Galaxy Research projects Ether to trade above $5,500 in 2025, fueled by easing regulatory hurdles for Decentralized Finance (DeFi) and staking. The report anticipates increased collaboration between traditional finance (TradFi) and DeFi, potentially within regulatory sandboxes, allowing mainstream capital markets to explore public blockchains. Ethereum is expected to be the primary beneficiary of this trend, with corporations increasingly experimenting with Ethereum-based Layer 2 networks. The report also foresees a resurgence in NFT trading volumes and the emergence of successful blockchain-based games.
Dogecoin’s Moment in the Sun:
In a surprising prediction, Galaxy Research suggests Dogecoin could finally reach $1, propelling its market capitalization to $100 billion. However, the report also notes that this figure could be dwarfed by the Department of Government Efficiency’s cost-cutting measures, which are expected to exceed Dogecoin’s peak market cap.
Other Key Predictions:
- At least one leading wealth management platform will recommend a Bitcoin allocation of 2% or higher.
- Five Nasdaq 100 companies and five nation-states will add Bitcoin to their balance sheets or sovereign wealth funds.
- Bitcoin developers will reach a consensus on the next protocol upgrade, although activation is not expected in 2025.
- Over half of the top 20 publicly traded Bitcoin miners will transition to or partner with hyperscalers, AI, or high-performance computing firms.
- The US government will not directly purchase Bitcoin but will establish a stockpile using existing holdings and explore an expanded Bitcoin reserve policy.
