The Future of Bitcoin: Analysts Foresee Bitcoin Reaching 20% of Gold’s Market Cap
According to recent predictions by Galaxy Research, Bitcoin [BTC] is expected to potentially surpass $150k in the initial half of 2025, with further projections showing a possible climb to $185k by the fourth quarter of the same year.
Galaxy Research, under the guidance of Alex Thorn and his team of analysts, attributes this anticipated surge in Bitcoin’s value to increasing adoption by institutions, corporations, and even nation-states. They believe that Bitcoin could eventually capture 20% of the gold market’s total value.
“Over its lifetime, Bitcoin has demonstrated unprecedented growth compared to other asset classes, including the S&P 500 and gold. This upward trajectory is anticipated to continue into 2025, with Bitcoin potentially representing 20% of Gold’s market cap.”
Potential Soar to $200k for Bitcoin?
Various crypto firms, including Bitwise, Blockware, and Steno Research, have also presented their projections for Bitcoin’s value in 2025. Bitwise suggests that Bitcoin could exceed $200k by the end of the year due to accelerated adoption trends.
Among these firms, Blockware stands out with its bold predictions. They propose a bear scenario with Bitcoin hitting $150k, while more optimistic outcomes include targets of $225k and $400k. These projections by Blockware are based on factors such as Bitcoin adoption rates and the potential establishment of a U.S. Bitcoin Strategic Reserve (SBR).
Recent data shows that Bitcoin performed notably well during the previous Trump administration, further solidifying positive speculations regarding its future value, as highlighted by the founder of CryptoQuant:
“Trump will make #Bitcoin strong.”
Moreover, indicators from the Options market imply a likelihood of a move towards $150k. However, current Open Interest (OI) highlights that most expectations are concentrated around $120k as the favored target price.
Presently, Bitcoin has shown a 5% recovery from recent lows of $91.5k, reaching $97k on the price charts.
Considering the recent price fluctuations, primarily driven by a quest for liquidity, it is worth noting the significant number of short positions around $98k. These positions could potentially act as a price attraction point, leading to Bitcoin hitting $98k or revisiting the psychological hurdle of $100k.