Galaxy Research has published its 2025 predictions for the cryptocurrency market. Key forecasts include:

🔥Bitcoin ( $BTC ) could surpass $150,000 in the first half of the year, reaching $185,000 by year-end, continuing to outperform traditional assets like the S&P 500 and gold.

🔥Ethereum ($ETH ) is expected to rise above $5,500.

🔥At least five Nasdaq 100 companies and five countries will create BTC reserves, although the US may not establish a strategic reserve but could utilize existing reserves.

🔥The stablecoin market cap is predicted to double to over $400 billion, with Tether's dominance falling below 50% due to competition from new projects such as Blackrock (BUIDL), Ethena (USDe), and Coinbase/Circle (USDC Rewards).

🔥DeFi is forecasted to enter the "dividend era," with over $1 billion distributed to users and token holders.

🔥Layer 2 networks will generate more economic activity than Alt L1 blockchains, with L2 fees surpassing 25% of the total Alt L1 fees by year-end.On-chain governance will see a resurgence, with a 20% increase in active voters.

🔥Digital assets will be integrated into the services of the world's largest custodial banks, facilitated by new regulations from the OCC allowing national banks to store cryptocurrencies.

🔥US Spot Bitcoin ETPs are expected to surpass $250 billion in AUM.Crypto startup investments will exceed $150 billion, a 50% increase from the previous year.

🔥Dogecoin ($DOGE ) will reach a price of $1 and a market cap of $100 billion, maintaining its status as the largest memecoin.The 

🔥SEC will investigate Prometheum, the first "designated broker-dealer," for alleged connections to SEC Chairman Gary Gensler's practices.