Bitcoin Forecasted to Soar to $185,000 by Galaxy Experts
In the ever-evolving world of cryptocurrencies, Bitcoin continues to make headlines with its impressive growth and performance. This growth is largely attributed to the increasing adoption by institutions, corporations, and even nation states.
According to Galaxy Digital CEO Mike Novogratz, Bitcoin could potentially reach around $150,000 in the near term. However, it's important to note that there's no explicit prediction from Galaxy Research that Bitcoin will exceed $185,000 specifically in Q4 2025. Novogratz's statements suggest a target around $150,000, driven by market momentum and favourable macroeconomic conditions, with caution about potential risks such as interest rate shifts.
Other forecasters, though, have more bullish predictions for Bitcoin in 2025. Some targets range up to $200,000 or higher by late 2025. These predictions come from various independent analysts rather than Galaxy Research itself. For instance, a broad expert group collectively forecasts targets up to $200,000 in 2025, and some analysts talk about a potential "supercycle" pushing BTC beyond $200,000.
When it comes to Galaxy Research's main publicly known prediction, it stands at $150,000 near term, not exceeding $185,000 in Q4 2025. Broader market predictions include higher price targets but with varying degrees of confidence.
As of December 27, 2024, the total Assets Under Management (AUM) for spot Bitcoin ETFs stands at $106 billion. This figure is expected to reach $250 billion in 2025, according to predictions. Bitcoin-based exchange-traded products are currently 19% behind the AUM of physical gold funds, a year after being approved in the U.S. This trend of faster growth is expected to continue in 2025.
Bitcoin is also expected to be among the top performers on a risk-adjusted basis among global assets in 2025. Throughout its existence, Bitcoin has grown faster than other asset classes, including the S&P 500. Bitcoin is predicted to test or exceed $185,000 in Q4 2025, and it's expected to surpass $150,000 in the first half of 2025.
In conclusion, while Galaxy Research's main publicly known prediction is $150,000 near term, not exceeding $185,000 in Q4 2025, broader market predictions include higher price targets. As always, it's crucial to approach such predictions with a critical eye and consider the potential risks involved.
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