Galaxy Mike Novogratz has anticipation The price of Ethereum (ETH), the leading altcoin, will trade at over $5,500 in 2025.

A friendlier regulatory environment for the decentralized finance (DeFi) sector is seen as a major bullish catalyst for the altcoin.

Galaxy Research believes that traditional capital markets will likely be able to experiment with public blockchains within regulatory sandboxes.

like Reported by U. TodayEther price typically tends to outperform in the first quarter, and many market participants expect this seasonal trend to continue this time around.

During the 2021 bull market, Ethereum performed higher than expected due to the growing popularity of non-fungible tokens (NFTs). Galaxy believes the NFT sector will be able to make a comeback next year.

When it comes to the DeFi sector, Galaxy Research expects it to enter a “dividend era” in 2025, with on-chain applications distributing greater nominal value to users and owners.

Bitcoin could approach $200,000

The company also believes that the price... Bitcoin It will likely test $185,000 in 2022.

In fact, it expects the leading cryptocurrency to cross the $150,000 level in the first half of 2025.

“The combination of institutional, corporate and nation-state adoption will push Bitcoin to new heights in 2025,” the company said.

Galaxy also predicted that Ethereum will significantly outperform Bitcoin in 2025, with the Ethereum/Bitcoin ratio potentially rising to 0.06. However, before that, it may briefly drop below 0.03, according to Galaxy.