PANews reported on January 1 that according to CNBC, Alex Thorn, head of research at cryptocurrency asset management company Galaxy Digital, believes that Bitcoin will break through $150,000 in the first half of the year and reach $185,000 in the fourth quarter. Alex Thorn wrote in a research report, "The adoption of institutions, enterprises and national institutions will drive Bitcoin to new heights in 2025. Since its inception, Bitcoin has appreciated faster than all other asset classes, especially the S&P 500 and gold, and this trend will continue until 2025. Bitcoin's market value will also reach 20% of gold." Galaxy predicts that the total assets under management of US spot Bitcoin ETFs will exceed $250 billion in 2025. In addition, the company also expects that five Nasdaq 100 companies and five countries will add Bitcoin to their balance sheets or sovereign wealth funds next year.