The year 2024 is a pivotal year for Bitcoin and digital assets. New price highs, record capital inflows, policy changes, and increased institutional adoption have marked 2024. As the cryptocurrency market heads into 2025, Galaxy Research has announced its predictions for the coming year.
In its report, the investment management company led by cryptocurrency enthusiast Mike Novogratz highlighted key drivers and potential targets for major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
These forecasts provide an optimistic view of Galaxy's outlook for the coming year, driven by expected developments in blockchain technology, market acceptance, and macroeconomic changes.
As the year 2024 comes to a close, cryptocurrency enthusiasts and investors are closely monitoring developments that could shape the market in the coming year, laying the groundwork for a potential boom in 2025.
Price Forecast for Bitcoin, Ethereum, and Dogecoin in 2025
In a recent report, the Galaxy Research team revealed price targets for three major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
Galaxy predicts that Bitcoin will surpass $150,000 in the first half of the year and test or exceed $185,000 by the fourth quarter of 2025. "The combination of institutional, corporate, and national adoption will elevate Bitcoin to new heights in 2025. Throughout its existence, Bitcoin has appreciated faster than all other asset classes, especially the S&P 500 and gold, and that trend will continue into 2025. Bitcoin will also achieve 20% of gold's market capitalization," wrote Alex Thorn, head of research at Galaxy.
Ethereum, the second-largest cryptocurrency by market capitalization, is expected to trade above $5,500 by 2025, as legal barriers to DeFi and staking are anticipated to ease, pushing Ethereum to new all-time highs.
Thorn predicts that new partnerships between DeFi and TradFi, which may be established in a testing environment under new regulations, will eventually allow traditional capital markets to seriously experiment with public blockchain, with Ethereum and its ecosystem receiving the most attention.
Corporations will increasingly experiment with their own layer 2 networks, primarily based on Ethereum technology. Some games utilizing public blockchain will explore product-market fit, and NFT trading volume will increase significantly. Galaxy predicts that Dogecoin will eventually reach $1, with the largest and oldest meme coin in the world achieving a market capitalization of $100 billion.