Galaxy Digital has projected a monumental shift in Bitcoin (BTC) adoption by 2025. The company predicted that five Nasdaq 100 companies and five nations will declare BTC as a reserve asset. In a similar vein, President-elect Donald Trump has outlined plans to establish a Bitcoin strategic reserve after assuming office on January 20, 2025.
Latest Bitcoin Adoption Trends
Brazil is also signaling a growing interest in crypto adoption, while a German lawmaker has called for a Bitcoin reserve, despite Germany’s mid-2024 sale of 50,000 BTC. On the corporate front, MicroStrategy remains the leader in Bitcoin holdings with a staggering 446,400 BTC. Other companies, including MARA, Metaplanet, and Semler Scientific, have also added BTC to their portfolios, underscoring growing institutional interest.
Meanwhile, HC Wainwright & Co. has significantly raised its year-end BTC price forecast for 2025, revising it to $225,000 from its earlier estimate of $145,000. The updated prediction reflects optimism fueled by growing regulatory clarity in the U.S., the potential approval of spot BTC ETFs, and increased institutional involvement.
JUST IN: Galaxy Digital predicts that 5 countries will announce they have adopted #Bitcoin as a reserve asset in 2025 👀 pic.twitter.com/g0zlNrqhyE
— Bitcoin Magazine (@BitcoinMagazine) January 2, 2025
In their report, Wainwright analysts highlighted that the new target implies a cryptocurrency market cap of $10 trillion by the end of 2025, assuming Bitcoin’s dominance drops to 45% from its current level of 56%. They stated, “Our new price target for 2025 reflects 113% upside to current levels. However, we caution investors that 20-30% drawdowns during bull market cycles are not uncommon.”
The report also addressed potential price fluctuations, forecasting a temporary dip to the mid-$70,000 range in early 2025 before the uptrend resumes. Analysts noted, “Our BTC mining financial models currently assume much more conservative forecasts for BTC prices in 2025 ($115,000 by 4Q25).”
One key driver of this bullish sentiment is the possibility of the U.S. adopting BTC as a treasury reserve. While this scenario is not included in their base case, analysts remarked it could “significantly exceed our base case price target.” Should BTC price reach $225,000, it would represent about 25% of gold’s market cap.
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