Bitcoin to gain adoption by five nation states as strategic asset in 2025: Galaxy Research

Key Takeaways

• Major corporations and sovereign nations are expected to announce Bitcoin holdings in 2025, indicating a strategic shift in digital asset adoption.
• Bitcoin's market value is projected to reach $185,000, with significant investments flowing into US Bitcoin exchange-traded products.

Major corporations and sovereign nations are poised to add Bitcoin to their balance sheets in 2025, with five Nasdaq 100 companies and five nation states expected to make such announcements, from Galaxy Research’s report “Crypto Predictions for 2025.

These allocations will be driven by strategic considerations, portfolio diversification needs, and trade settlement requirements. Galaxy Research analyst Jianing Wu notes that competition among nation states, particularly those unaligned with major powers or those holding large sovereign wealth funds, will fuel strategies to mine or acquire Bitcoin.

The US spot Bitcoin exchange-traded products (ETPs) are projected to reach $250 billion in assets under management in 2025, following record inflows of over $36 billion in 2024. Major hedge funds including Millennium, Tudor, and D.E. Shaw have already invested in Bitcoin ETPs, according to regulatory filings.

Bitcoin is expected to exceed $150,000 in the first half of 2025 and approach $185,000 in the fourth quarter, says Galaxy Research’s Alex Thorn. The token is also predicted to reach 20% of gold’s market capitalization during this period.

The research also forecasts that one leading wealth management platform will recommend a Bitcoin allocation of 2% or higher in their model portfolios, marking a shift in traditional investment advice.