Galaxy Research "Bitcoin to Surpass $150,000 in the First Half of Next Year"

Galaxy Research predicts that Bitcoin (BTC) will surpass the $150,000 mark in the first half of next year.

On the 27th (local time), Galaxy Research announced via its official X that "the adoption of Bitcoin by institutions, companies, and countries will drive its price to new heights," and stated that "Bitcoin will surpass $150,000 in the first half of next year and test the $185,000 range in the fourth quarter." On this day, Bitcoin is trading at around $94,500 on the Binance Tether (USDT) market, down approximately 1.6% from the previous day.

The asset management scale of the U.S. Bitcoin spot ETF is also expected to continue growing. Galaxy Research predicts that "the asset management scale of the U.S. Bitcoin spot ETF will surpass $250 billion by 2025."

Furthermore, it is anticipated that Bitcoin will achieve the highest performance among global assets next year. It is also expected that more asset managers will allocate Bitcoin in their portfolios.

The future of Bitcoin in decentralized finance (DeFi) is also viewed positively. As of December this year, the amount of wrapped Bitcoin deposited in DeFi amounts to $11 billion. It is explained that this amount will more than double next year.