The research arm of Galaxy Digital is revealing its predictions for the two largest crypto assets in 2025. In a new thread on the social media platform X, Galaxy Research’s Alex Thorn says he sees Bitcoin (BTC) surging by nearly 100% from current levels before 2025 expires amid increasing adoption of the largest digital asset […]
The post Galaxy Research Unveils H1 and Q4 2025 Price Targets for Bitcoin, Sees Ethereum Hitting New Highs Next Year appeared first on The Daily Hodl.
Galaxy Research expects US government departments to make "some movement" in 2025 to explore an "expanded Bitcoin reserve policy," but no Bitcoin will be purchased.
Galaxy Digital’s research division predicts that the United States government will not buy any Bitcoin in 2025 but will safeguard its existing supply.
“The US government will not purchase Bitcoin in 2025,” Galaxy Research head of research Alex Thorn said in a Dec. 27 report. Thorn said that instead, the US government will create a stockpile using Bitcoin (BTC), which it already holds, while discussions on a Bitcoin reserve policy will continue.
“There will be some movement within the departments and agencies to examine an expanded Bitcoin reserve policy,” Thorn said.
This edition of Cointelegraph’s VC Roundup features Eidon AI, Brevis, Multiledgers and Alluvial.
Venture capital funding in blockchain-based startups reached $2.4 billion in the third quarter of 2024, marking a 20% decline compared to the previous quarter, according to Galaxy Research.
Between July and September, crypto startups closed 478 deals, a 17% decrease from the second quarter. Despite the slowdown, the year remains on pace to match or slightly exceed 2023 investment levels, with $8 billion invested in the industry’s startups so far. Crunchbase’s Web3 Tracker has previously reported a more conservative figure, citing $5.4 billion in venture capital in the first three quarters of the year.
According to Galaxy’s report, a fivefold increase in funding has been witnessed by startups combining artificial intelligence and blockchain technologies over the last three months. Key contributors included rounds from Sentient, CeTi, and Sahara AI, collectively raising $188 million.
Harris takes a softer stance than Biden on crypto regulation but is more skeptical than Trump on taxes, Bitcoin mining and self-custody, according to Galaxy Research.
United States presidential candidate Kamala Harris is friendlier toward cryptocurrency than her boss, President Joe Biden, but not nearly as pro-industry as rival Donald Trump, Galaxy Research said on Oct. 14.
Harris promises to meaningfully improve the regulatory environment for US crypto firms, but she holds unfavorable positions on other relevant issues, such as taxes, Bitcoin (BTC) mining and self-custody, according to a post by Alex Thorn, Galaxy’s research head, on the X platform.
“While trump is undoubtedly more favorable for the industry, we’re optimistic that harris could be more supportive than biden has been,” Thorn said.
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
A Galaxy Research report has suggested that most Bitcoin layer-2 scaling networks, particularly “rollups,” may not be sustainable in the long term despite their popularity as a promising method to keep Bitcoin payments cheap, fast and decentralized.
In the report published on Friday, Aug. 2, Galaxy analyst Gabe Parker highlighted the cost of posting data as a fundamental challenge Bitcoin rollups face that post data to the base layer.
Parker explained that for Bitcoin rollups to thrive, they must generate substantial revenue from transaction fees on their own networks. This revenue must come from many users willing to pay for transactions on the layer-2 networks.
New data from crypto insights firm Galaxy Research finds that during the first quarter of the year, venture capitalists poured in billions of dollars into the digital assets industry. In a new article, Galaxy Research says that venture capitalists invested $2.49 billion into cryptocurrencies during Q1 of 2024, a 29% quarter-over-quarter (QoQ) rise. The analytics […]
The post Venture Capitalists Funnel Nearly $2,500,000,000 Into Crypto in Q1 of 2024: Galaxy Research appeared first on The Daily Hodl.
Despite macroeconomic headwinds, a Galaxy Research report says activity could rebound in the second quarter of 2023 following recent crypto price increases.
Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet despite the current regulatory turbulence for crypto in the United States, it is still first for the number of firms raising capital according to a new report.
An April 11 report from Galaxy Research, the research arm of crypto investment firm Galaxy Digital, said the $2.4 billion invested by VCs throughout Q1 2023 was the lowest sum invested since the last quarter of 2020.
CRYPTO VC IN STARES INTO THE ABYSS
— Alex Thorn (@intangiblecoins) April 11, 2023
Q1 saw the lowest crypto VC activity in 2 years with $2.4bn invested across 439 deals.
investment is down, valuations are down, VC fundraises are down. learn why, view all the data, and learn what the future holds pic.twitter.com/b3JKPjNfzz
VC investments have been falling since peaking at nearly $13 billion in Q1 2022, with the latest quarter's results representing a decline of over 80% compared to the same ti last year.
The report noted that data on venture deals is often reported at a later time, meaning the $2.4 billion figure quoted may be revised in the future.
While capital investment has fallen since Q4 2022, the report noted the number of deals made had actually increased by nearly 20% and theorized an apparent correlation between crypto prices and capital invested could see VC activity rebound following strong price gains late in the first quarter.
CRYPTO VC INVESTING
— Alex Thorn (@intangiblecoins) April 11, 2023
despite the downward trend in capital invested, deal activity grew in Q1 2023, with 439 deals raised vs. 366 in Q4 2022. the gains were largely driven by relative gains in pre-seed deal activity (89) after a dismal Q4 2022 that saw only 42 pre-seed deals. pic.twitter.com/RECGCwhaKG
Related: Metalpha raising $100M to offer Grayscale Bitcoin products in Hong Kong
While various statistics and anecdotal evidence suggest crypto firms are leaving the U.S. to find greener pastures — citing factors such as regulatory clarity and friendlier tax policies — Galaxy found that U.S.-based companies raised 42.8% of the VC money flowing into crypto in Q1 2023 with the next closest being France at 19.4%.
While Galaxy’s report has included the jurisdictions of investments since the third quarter of 2022, the U.S. share of crypto VC investment has fallen by only 2.8 percentage points since then.
France appears to be the biggest winner, with capital investments for France-based crypto firms jumping to 19.4% in the latest quarter from less than 5% in the third quarter of 2022.
Hodler's Digest, April 2-8: BTC white paper hidden on macOS, Binance loses AUS license and DOGE news
