Galaxy Digital has projected that bitcoin (CRYPTO:BTC) could climb to $250,000 by the end of 2027, representing a potential rise of about 179% from current price levels.
The forecast was shared by the firm’s Head of Firmwide Research, Alex Thorn, as bitcoin continues to trade near $89,000 after falling from its October highs.
Bitcoin’s recent performance has been marked by sharp volatility, with the asset experiencing a difficult fourth quarter compared with earlier momentum in the year.
In a post on X, Thorn said bitcoin’s gradual maturation and deeper institutional adoption are expected to accelerate over the coming years.
He argued that wider institutional access, combined with easing monetary policy and increased demand for assets that hedge against dollar debasement, could strengthen bitcoin’s long-term role.
Thorn suggested bitcoin may begin to function similarly to gold within the next two years as a widely accepted hedge against monetary debasement.
BTC will hit $250k by year-end 2027.
Alex Thorn highlighted.
He also highlighted changes in bitcoin’s volatility profile, noting that long-term volatility has continued to trend lower over time.