As 2024 draws to a close, experts continue to share their predictions for the cryptocurrency industry next year. Digital asset and Blockchain company, Galaxy Digital, has been the latest to share its forecasts for 2025.
Galaxy Digital's research division said Friday that the digital asset market is likely to expand the uptrend over the next year, with Bitcoin approaching USD $200,000, however, it sees it unlikely that the U.S. government will buy the flagship cryptocurrency despite Trump's promises.
“The U.S. government will not be buying Bitcoin in 2025″, Galaxy Research's head of research Alex Thorn wrote in a message thread on X.
The comment refers to a proposal put forward by US President-elect Donald Trump, who has previously indicated his intention to establish a national strategic Bitcoin reserve. Republican lawmaker Cynthia Lummis turned this statement into a legislative proposal before the U.S. Congress, and the issue has already fueled discussions internationally.
In this regard, the Galaxy team appears to be skeptical that legislation will be put in place, potentially delaying Trump's plans to adopt Bitcoin as a national reserve asset.
Instead, they estimate that it is more likely that the U.S. government will create “a reserve using the coins it already owns” and there will be “some movement within departments and agencies to examine an expanded Bitcoin reserve policy.”
According to data from Arkham Intelligente, the U.S. feds currently hold 198,109 BTC that have been obtained in criminal seizures and are currently valued at about USD $, based on current prices.
The report by Mike Novogratz's firm addresses different aspects, such as regulations, institutional adoption, price evolutions and technological developments in sectors such as decentralized finance (DeFi) and layer 2 (L2).
Overall, the team's view is optimistic and points to a favorable environment for the industry in the face of Trump's new policies, which will ultimately result in more capital flowing into the market.
“The Trump administration is likely to offer greater regulatory clarity and guidance for the cryptocurrency industry in the U.S.,” the researchers wrote noting the possibility of this causing, among its various outcomes, greater demand for Ethereum (ETH) staking, which will favor its price.
“An easing of regulatory hurdles for DeFi and staking will propel Ether to new all-time highs in 2025,” they predicted, projecting that the second largest cryptocurrency will potentially surge toward USD $5,500 next year.
The researchers also estimate that Bitcoin “will again be among the best performing risk-adjusted global assets in 2025” as the cryptocurrency's price crosses the USD $150,000 threshold for the first quarter and continues to potentially surge toward USD $185,000-and perhaps higher-by the fourth quarter of the year.
Among other bullish price projections, the Galaxy team predicted that Dogecoin, the leading memecoin by market capitalization, will eventually reach the USD $1 mark and that the market capitalization of stablecoins will double to USD $400 billion amid increased engagement among traditional finance companies with the sector.
Analysts at asset manager Bitwise also recently published their predictions for 2025, agreeing on a positive and bullish price outlook for the period.
Source: Hannah Estefania Perez / DiarioBitcoin
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