Alex Thorn, head of research at cryptocurrency asset manager Galaxy Digital, believes bitcoin will break through $150,000 in the first half and reach $185,000 in the fourth quarter. "Adoption by institutions, corporations, and national institutions will propel bitcoin to new heights in 2025," Alex Thorn wrote in a research note. "During its existence, bitcoin has appreciated faster than all other asset classes, particularly the S & P 500 and gold, a trend that will continue in 2025. Bitcoin will also reach 20 percent of gold's market cap." Galaxy forecasts that the U.S. spot bitcoin ETF will have more than $250 billion in assets under management in 2025. The firm expects five more Nasdaq 100 companies and five countries to add bitcoin to their balance sheets or sovereign wealth funds next year. (CNBC)