Bitcoin's Market Value Could Reach 20% of Gold by 2025

Alex Thorn, head of research at cryptocurrency asset management firm Galaxy Digital, believes that Bitcoin will break $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 agencies will drive Bitcoin to new heights in 2025. Since its inception, Bitcoin's appreciation has outpaced all other asset classes, especially the S&P 500 index and gold, and this trend will continue into 2025. Bitcoin's market value will also reach 20% of gold.' Galaxy predicts that the total assets under management for the U.S. spot Bitcoin ETF will exceed $250 billion by 2025. The company also expects that next year, five companies from the Nasdaq 100 index and five countries will add Bitcoin to their balance sheets or sovereign wealth funds.