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The Bitcoin price may surge past $185,000 next year as top companies and nation states buy into the king of cryptos, says Galaxy Research.
Driven by increasing institutional, corporate, and nation-state adoption, the firm forecasts that five Nasdaq-100 companies and five countries will add Bitcoin into their balance sheets next year, further accelerating its mainstream adoption.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🔥 BULLISH: Galaxy Research predicts <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is set to surpass $150K in H1 2025, potentially hitting $185K by Q4, driven by institutional, corporate, and nation-state adoption, with its market cap reaching 20% of gold’s. <a href="https://t.co/YdFp8FywkP" rel="noopener noreferrer nofollow">pic.twitter.com/YdFp8FywkP</a>
 — Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1872975787852480819?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 28, 2024</a>
</blockquote>
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US spot Bitcoin ETFs could surpass $250 billion in assets under management (AUM) next year, with at least one wealth management platform allocating 2% or more of its assets to Bitcoin next year, the researcher said
The report is also optimistic about Bitcoin’s future in the decentralized finance (DeFi) sector, projecting that the total value of Bitcoin locked in DeFi will double from its current $11 billion.
Furthermore, by 2025, more than half of the top 20 Bitcoin mining companies are expected to form partnerships with artificial intelligence or hyperscalers, transitioning into high-performance computing. The report also anticipates that Bitcoin could capture 20% of gold’s market cap by 2024, signaling broader mainstream adoption.
Galaxy also predicts that the Ethereum price will hit $5,500 by the fourth quarter of 2025.
<h2 id="global-bitcoin-adoption-prompts-strategic-reserve-exploration">Global Bitcoin Adoption Prompts Strategic Reserve Exploration</h2>
As the global adoption of <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> grows, countries are increasingly exploring it as a strategic reserve asset, with recent news emerging that Hong Kong and Germany are leading the charge.
In Hong Kong, legislator Wu Jiezhuang has proposed adding Bitcoin to the Exchange Fund to enhance financial security amid shifting global crypto dynamics.
Although it does not currently target crypto assets, it does allow limited diversification and Hong Kong’s increasingly crypto-friendly environment, with 12 Bitcoin-linked ETFs already listed, suggests that a Bitcoin reserve could be on the horizon.
In Germany, meanwhile, former finance minister Christian Lindner has called for the European Central Bank and Bundesbank to consider including Bitcoin in their reserves. He emphasized that the US is weighing the option to incorporate crypto-assets alongside traditional reserves, and said Europe must stay competitive.
Other countries, such as Russia, are also exploring <a href="https://insidebitcoins.com/news/japan-declines-adoption-of-bitcoin-reserves-amid-concerns" rel="noopener noreferrer nofollow">Bitcoin reserves</a>, while Japan has currently ruled out the idea. Following Donald Trump’s 2024 victory, several US states, including Wyoming, are considering proposals to add Bitcoin to their state reserves.
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Bitcoin Price To Hit $185K In 2025 As Nation States And Top Companies Buy BTC, Galaxy Research Says

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