Galaxy Research Director: The performance of the US ETP is stable, and it is only a matter of time before Bitcoin emulates gold as a hedge against currency devaluation

Galaxy research director Alex Thorn stated on the X platform that for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the last day of the year. However, the sentiment among Bitcoin investors is undoubtedly quite low at the moment, though some portfolio managers may reconsider Bitcoin in January 2026. This year, Bitcoin has received many positive news, and this "good news" seems to have become the norm. Despite a lackluster performance at the end of the year, the performance of U.S. Bitcoin ETPs has been much more stable, with cumulative inflows only down 9% since reaching a historical high of $62 billion in October, further highlighting the increasing maturity of this asset class.

Galaxy believes that it may only be a matter of time before Bitcoin follows gold as a hedge against currency devaluation, potentially igniting interest from several large asset allocators and central banks.