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Cryptocurrency News Articles
Galaxy Research Predicts Bitcoin (BTC) Will Surpass the $150,000 Mark in the First Half of Next Year
Dec 28, 2024 at 10:51 am
Galaxy Research stated on its official X, "The adoption of Bitcoin by institutions, corporations, and countries will drive its price to new heights,"
Galaxy Research has predicted that Bitcoin (BTC) will cross the $150,000 mark in the first half of next year.
On the 27th (local time), Galaxy Research stated on its official X, "The adoption of Bitcoin by institutions, corporations, and countries will drive its price to new heights," adding, "Bitcoin will surpass $150,000 in the first half of next year and test the $185,000 range in the fourth quarter." On this day, Bitcoin is trading at around $94,500 on the Binance Tether (USDT) market, down approximately 1.6% from the previous day.
They also foresee continuous growth in the assets under management of U.S. Bitcoin spot ETFs. Galaxy Research predicted, "The assets under management of U.S. Bitcoin spot ETFs will surpass $250 billion by 2025."
Moreover, they anticipate that Bitcoin will achieve the highest performance among global assets next year. They also expect more asset managers to allocate Bitcoin in their portfolios.
The future of Bitcoin's decentralized finance (DeFi) is also viewed positively. As of December this year, the amount of wrapped Bitcoin deposited in DeFi reaches $11 billion. This amount is expected to more than double next year.
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