Galaxy Digital, in its latest report, notes that Bitcoin could reach a new all-time high as early as 2025, with the potential to hit $250,000 by the end of 2027. The report also highlights the rapid growth of the stablecoin market: it forecasts that stablecoin transaction volumes could surpass those of the US ACH system by 2026, while stablecoin volumes have already exceeded transactions of major payment networks like Visa. Additionally, the document mentions that the Genius Act legislation could establish clearer regulatory frameworks for stablecoins in early 2026, potentially accelerating their adoption.
Galaxy Digital's Bitcoin Forecast
The core thesis of the Galaxy Research report is the possibility of a new Bitcoin all-time high in 2025 and a growth scenario reaching $250,000 by late 2027. The authors emphasize that this forecast is based on a combination of fundamental and technical factors rather than simple extrapolation of past cycles.
Analysts note that the forecast's timeline differs from previous market cycles and may indicate an acceleration of momentum. For a detailed comparison of the institute's outlook for the coming years, see Galaxy Digital's 2026 outlook.
Factors Driving Bitcoin's Growth
The report highlights several key factors supporting the projected growth: regulatory clarity, broader recognition of Bitcoin as an asset class, and a combination of fundamental market conditions. According to the authors, these elements strengthen the long-term investment thesis, although they do not rule out short-term uncertainty.
The role of accelerated market cycles is specifically emphasized—if current conditions truly differ from previous ones, the timing for reaching new highs may shift. For readers interested in alternative forecasts for the upcoming year, the article with a 2026 forecast is recommended.
The Stablecoin Revolution
Galaxy Digital forecasts that stablecoin transaction volumes will surpass those of the US ACH system by 2026 and notes that stablecoin volumes have already exceeded transactions of payment networks like Visa. These observations are used in the report to argue for a broad transformation of payment and settlement flows in the digital economy.
The report also mentions that the Genius Act legislation could provide clearer rules for stablecoins in early 2026, potentially accelerating their use in payments and transfers. The authors associate these changes with a possible transformation of digital asset infrastructure, without specifying exact timing effects.
What This Means for Investors
For investors, Galaxy Digital's forecast signals a strong fundamental case for continued interest in Bitcoin and related products. However, the report stresses the uncertainty inherent in any forecast, making the balance between long-term strategy and readiness for volatility key.
Why This Matters
If the forecast proves accurate and Bitcoin reaches a new high in 2025, it could increase miners' revenue in ruble terms, all else being equal, while simultaneously attracting greater attention from regulators and market participants. For Russian miners, such changes could affect demand for equipment, profitability, and fund withdrawal conditions, though precise impacts depend on many factors.
The growth in stablecoin volumes and potential regulatory clarity from the Genius Act mean that cryptocurrency payment and transfer tools could become more accessible. For miners, this may influence methods of receiving and converting funds, as well as transaction speed and costs when working with partners and exchanges.
What to Do?
Recommendations for miners with 1–1000 devices in Russia focus on risk management and readiness for market changes. Below are practical steps that can be implemented gradually without drastic decisions.
- Keep part of your revenue in reserve and diversify risks among rubles, Bitcoin, and stablecoins, considering your personal tolerance for volatility.
- Ensure secure key storage and wallet backups; regular security checks reduce operational risks.
- Stay informed about regulatory initiatives, including mentions of the Genius Act, and prepare documentation to comply with local requirements.
- Evaluate options for using stablecoins for settlements and fund withdrawals if they align with your operational needs and local legal framework.
Frequently Asked Questions
Below are brief answers to key questions regarding the Galaxy Digital report.
