Bitcoin Could Hit Record High of $185K in 2025 as Governments Begin Buying: Galaxy Research.

Galaxy Research recently projected that Bitcoin (BTC), the world’s leading cryptocurrency, will experience significant price growth in 2025, driven by increasing adoption from institutions, corporations, and nation-states. The report anticipates that Bitcoin will hit new highs, potentially surpassing $185,000 in the fourth quarter of 2025.

Ether (ETH), the second-largest cryptocurrency, is also expected to see a rise, with projections suggesting it could climb above $5,500 in the next year.

According to Alex Thorn, head of research at Galaxy, Bitcoin’s growth will be propelled by widespread adoption from institutional investors, corporations, and nation-states. Galaxy forecasts that five Nasdaq-100 companies and five nation-states will add Bitcoin to their balance sheets or sovereign wealth funds in 2025, with growing competition among these countries pushing the next wave of adoption.

Galaxy further predicts that U.S. spot Bitcoin exchange-traded funds (ETFs) will surpass $250 billion in assets under management (AUM) by 2025, and at least one prominent wealth management platform will allocate 2% or more of its portfolio to Bitcoin next year.

Bitcoin’s decentralized finance (DeFi) sector is also poised for substantial growth. The total amount of Bitcoin locked in DeFi is expected to double from the current $11 billion in 2025.

The report highlighted a continued trend of Bitcoin miners shifting towards high-performance computing (HPC), with more than half of the 20 largest publicly listed Bitcoin mining firms expected to announce partnerships with artificial intelligence (AI) companies or hyperscalers in the coming year.

Finally, Galaxy predicts that Bitcoin will capture 20% of the total market capitalization of gold by 2025.