ChainCatcher news, Galaxy’s Head of Research Alex Thorn stated on platform X that for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the final day of the year. However, the sentiment among Bitcoin investors is undoubtedly low at the moment, though some portfolio managers may revisit Bitcoin in January 2026. This year, Bitcoin has seen many positive developments, with such ‘good news’ seemingly becoming the norm. Despite a flat performance at year-end, U.S. Bitcoin ETPs have been much more stable, with cumulative inflows down only 9% since the all-time high of $62 billion in October, further highlighting the increasing maturity of this asset class.
Galaxy believes it may only be a matter of time before Bitcoin follows gold as a hedge against currency devaluation, with several large asset allocators and central banks potentially igniting this trend.
