PANews January 1st news, according to CNBC, Alex Thorn, the research director of cryptocurrency asset management company Galaxy Digital, believes that Bitcoin will break through $150,000 in the first half of the year and reach $185,000 in the fourth quarter. In a research report, Alex Thorn wrote, 'The adoption by institutions, corporations, and national entities will drive Bitcoin to new heights by 2025. Since its inception, Bitcoin has appreciated faster than all other asset classes, especially the S&P 500 index and gold, and this trend will continue until 2025. Bitcoin's market capitalization will also reach 20% of gold.' Galaxy predicts that the total assets under management of US spot Bitcoin ETFs will exceed $250 billion by 2025. Additionally, the company anticipates that next year, five companies from the Nasdaq 100 index and five countries will add Bitcoin to their balance sheets or sovereign wealth funds.
