Galaxy Prediction: Ethereum to Surpass $5,500 in 2025, Bitcoin May Reach $200,000
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Galaxy Digital, led by Mike Novogratz, has released a new report predicting that Ethereum (ETH) and Bitcoin (BTC) will experience significant growth by 2025.
Ethereum: DeFi and NFT Boost to Surpass $5,500
Galaxy Digital believes that Ethereum will break through $5,500 in 2025, driven by the resurgence in decentralized finance (DeFi) and non-fungible tokens (NFTs). Key catalysts include:
Supportive Regulatory Environment: Traditional capital markets may experiment with public blockchains within regulatory sandboxes, providing support for DeFi development.
Seasonal Trends: Ethereum typically performs strongly in the first quarter, and market participants expect this trend to continue.
NFT Market Resurgence: Following the boom in 2021, NFTs are expected to regain widespread attention in the future.
DeFi Entering a Bonus Era: On-chain applications will provide users and holders with more returns, thereby enhancing the value of Ethereum.
Bitcoin: Institutional and National Adoption Drives to $200,000
Galaxy's research predicts that Bitcoin will reach a range of $150,000 to $200,000 by 2025. The driving factors behind this include:
Acceleration of Institutional Investment: More institutions, corporations, and nation-states may incorporate Bitcoin into their asset allocation.
Expansion of Market Participation: As adoption rates increase, the demand for Bitcoin will grow significantly.
Despite the optimistic bullish outlook, Galaxy notes that the ETH/BTC ratio may fall to 0.03 in the short term, before soaring to 0.06 in 2025, indicating that Ethereum's long-term performance may outperform Bitcoin.
Galaxy's predictions reflect the potential for Ethereum and Bitcoin in the coming years. With the ongoing development of DeFi and NFTs, the cryptocurrency market may usher in a larger-scale boom, providing more opportunities for investors.
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