Grayscale Executives: The crypto industry will see many small-scale breakthroughs in 2025, including Bitcoin becoming a US reserve asset

According to Cointelegraph, Grayscale's Research Managing Director Zach Pandl stated that following two major victories in 2024 — the approval of spot ETFs and Trump's election — the crypto industry is poised for more minor breakthroughs in 2025. These include increased institutional adoption, more comprehensive legislative frameworks from Congress, and the potential for Bitcoin to become a US reserve asset.

In a discussion with Ric Edelman, founder of the Digital Assets Council of Financial Professionals (DACFP), Pandl mentioned that Bitcoin reaching $500,000 by 2030 is "not entirely out of the question." He highlighted that pension funds and endowments, which have been cautious about cryptocurrencies over the past decade, are now actively engaging in this space, with some portfolio managers beginning to allocate up to 5% in crypto assets. Approval processes for more institutions are expected to be completed within the next 6-12 months.

Additionally, Pandl anticipates that sovereign wealth funds outside the United States will increase their exposure to crypto assets in the coming months. He is particularly optimistic about Ethereum's prospects for institutional adoption, describing it as "one of the most important open-source software projects." In the private equity space, decentralized finance (DeFi), tokenization of real assets, and AI tokens may draw institutional attention.