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One other frontier for Bitcoin mentioned in the report is the burgeoning decentralized finance (DeFi) sector. Galaxy Digital predicts that BTC locked in DeFi protocols will nearly double in 2025, with a significant proportion used as collateral for lending protocols. This rise in DeFi involvement hints at Bitcoin's potential expansion beyond its original utility as a digital currency.
Ethereum's Performance Outlook
Turning to Ethereum, Galaxy Digital forecasts that the price of Ethereum (ETH) will hit $5,500 in 2025, driven by favorable regulatory changes, enhanced partnerships, and developments in blockchain gaming and non-fungible tokens (NFTs).