tl;dr
Galaxy Research's Alex Thorn predicts that Bitcoin (BTC) will surpass $150,000 in the first half of 2025 and reach or exceed $185,000 in the fourth quarter due to institutional, corporate, and nation-state adoption. He also anticipates that US spot Bitcoin exchange-traded products (ETPs) will surpas...
Bitcoin (BTC) Prediction: Galaxy Research's Alex Thorn predicts that Bitcoin (BTC) will surpass $150,000 in the first half of 2025 and reach or exceed $185,000 in the fourth quarter due to institutional, corporate, and nation-state adoption. Bitcoin exchange-traded products (ETPs) are expected to surpass $250 billion in assets under management in 2025.
Ethereum (ETH) Forecast: Thorn anticipates Ethereum (ETH) to trade above $5,500 in 2025, driven by regulatory changes for DeFi and staking, as well as increased partnerships between DeFi and traditional finance. At the time of the report, Bitcoin is trading at $93,687, and Ethereum at $3,420.
Details and Insights: In a social media thread, Alex Thorn highlights that Bitcoin is expected to appreciate rapidly in 2025 due to increasing adoption, reaching new heights and potentially capturing 20% of gold’s market cap. Additionally, Bitcoin ETPs are forecasted to attract substantial inflows, potentially surpassing the AUM of US physical gold ETPs. Data from Coinglass shows that Bitcoin ETFs collectively hold nearly $110 billion in AUM.
Regarding Ethereum, Thorn predicts that it will achieve fresh all-time highs in 2025, trading above $5,500, driven by regulatory relaxation for DeFi and staking, as well as new partnerships between DeFi and TradFi. He also expects increased corporate experimentation with layer-2 networks based on Ethereum technology, along with a rebound in NFT trading volumes.