Alex Thorn, head of research at cryptocurrency asset management company Galaxy Digital, believes that Bitcoin will break through $150,000 in the first half of the year and reach $185,000 in the fourth quarter. Alex Thorn wrote in a research report, "Institutional, corporate and national institutions' adoption will drive Bitcoin to new heights in 2025. During its existence, Bitcoin has appreciated faster than all other asset classes, especially the S&P 500 and gold, and this trend will continue in 2025. Bitcoin will also reach 20% of the market value of gold." Galaxy predicts that the asset management scale of US spot Bitcoin ETFs will exceed $250 billion in 2025. The company expects that five more Nasdaq 100 companies and five countries will add Bitcoin to their balance sheets or sovereign wealth funds next year. (CNBC)