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2024 is a great year for Bitcoin, as it has achieved an amazing rise of 121.1%. Recently, BTC even reached the milestone of $100,000. The highest BTC price touched last year was $108,086. Interestingly, a recent research report released by Galaxy suggests that the BTC market may make significant progress in 2025. Let's take a look at the insights highlighted in the report.
Enterprises and countries embrace BTC
The report emphasizes the significant improvement in global cryptocurrency adoption by 2025, and points out that at least five NASDAQ 100 companies and more than five countries will soon include BTC in their reserves.
Factors such as diversified investment portfolios, trade settlements, and strategic positioning have been identified as the three main reasons for considering BTC to be included in their balance sheets. According to the report, non-aligned countries will play a key role in the expected improvement of global cryptocurrency adoption.
The US BTC ETP will thrive in 2025