Galaxy Research Director: US ETPs are performing steadily; it's only a matter of time before Bitcoin follows gold as a hedge against currency devaluation.

Alex Thorn, Head of Research at Galaxy, stated on the X platform that for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the last trading day of the year. Currently, investor sentiment towards Bitcoin is undoubtedly low, although some portfolio managers may reassess Bitcoin in January 2026. This year has seen a number of positive developments for Bitcoin, which seem to have become the norm. Despite a lackluster year-end performance, the performance of US Bitcoin ETPs has been much more stable, with cumulative inflows decreasing by only 9% since the all-time high of $62 billion reached 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, and several large asset allocators and central banks may ignite this trend.