Galaxy Research Director: US ETPs are performing steadily; it's only a matter of time before Bitcoin follows gold as a hedge against currency devaluation.

According to Odaily Planet Daily, Galaxy Research Director 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 trading day of the year. However, current investor sentiment towards Bitcoin is undoubtedly low. Nevertheless, some portfolio managers may reassess Bitcoin in January 2026, given the numerous positive developments this year, which seem to have become the norm.

Despite a lackluster performance at the end of the year, US Bitcoin ETPs have been much more stable, with cumulative inflows declining by only 9% since reaching an all-time high of $62 billion in October, further highlighting the increasing maturity of this asset class.

Galaxy believes it may only be a matter of time before Bitcoin follows gold as a hedge against currency devaluation, and several large asset allocators and central banks may ignite this trend.