Galaxy Research, a digital asset and blockchain company led by head of research Alex Thorn, has released a forecast for 2025 predicting significant price movements and regulatory changes across major cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. Bitcoin is expected to exceed $150,000 in the first half of 2025 and may reach or surpass $185,000 by the end of the year. This bullish outlook is supported by increasing institutional, corporate, and nation-state adoption, with Bitcoin historically outperforming traditional asset classes like the S&P 500 and gold.
The report also mentions that US spot Bitcoin exchange-traded products (ETPs) are projected to surpass $250 billion in assets under management (AUM) by 2025. With over $36 billion in net inflows recorded in 2024, these ETPs have become the most successful launch cohort in history, attracting investments from major hedge funds and institutional players. As Bitcoin becomes a leading asset, Galaxy Research forecasts that at least one prominent wealth management platform will recommend a Bitcoin allocation of 2% or more, further driving inflows into Bitcoin ETPs.
In terms of Ethereum, it is expected to trade above $5,500 in 2025, driven by easing regulatory constraints on decentralized finance (DeFi) and increased institutional interest. Ethereum staking rates are predicted to surpass 50%, with spot-based ETH exchange-traded funds potentially being allowed to stake a portion of the ETH they hold. The report also suggests that Dogecoin could reach a market cap of $100 billion and may cross the $1 mark, influenced by institutional adoption and new regulatory frameworks.
Furthermore, the report anticipates bipartisan legislation governing stablecoin issuance to be enacted by the end of 2025, providing a clear framework for issuers in the regulatory arena. Presently, Bitcoin is trading at $94,648 with a 1% loss in the last 24 hours, Ethereum is priced at $3,359 with a 1% increase, and Dogecoin is priced at $0.314 with a minimal gain of only 0.5% during the same timeframe. Galaxy Research’s predictions for 2025 reflect the potential for significant growth and development in the cryptocurrency market.
