Galaxy Research Director: US ETP Performance Stable, Bitcoin Mimicking Gold as Currency Devaluation Hedge Tool Only a Matter of Time

BlockBeats News, December 27th, Galaxy Research Head 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. Currently, Bitcoin investor sentiment is undoubtedly low, but some portfolio managers may reassess Bitcoin in January 2026. Bitcoin has seen many bullish news this year, and this "bullish" trend seems to have become the norm.

Despite a lackluster year-end performance, the performance of the U.S. Bitcoin ETP has been much more stable. Since hitting a record high of $62 billion in October, the cumulative inflow of funds has only decreased by 9%, further highlighting the increasing maturity of this asset class. Galaxy believes that Bitcoin mimicking gold as a currency depreciation hedge tool may only be a matter of time, as several large asset allocators and central banks could ignite this trend.