 Crypto set for ‘dozens of smaller victories’ in 2025: Grayscale exec 
2025-01-17
Category: None

While the crypto industry scored “two big victories” with spot crypto exchange-traded funds and Republican Donald Trump’s US election win last year, 2025 would likely see a large number of “smaller victories,” according to a Grayscale executive. 
“This year, I’m expecting dozens of smaller victories for the industry,” said Grayscale’s managing director of research Zach Pandl at a recent webinar, citing more institutional adoption, more comprehensive legislation from Congress and the potential for Bitcoin BTCUSD to become a US reserve asset.
Pandl also said it isn’t “totally crazy” to think Bitcoin could reach $500,000 by 2030, when asked by Digital Assets Council of Financial Professionals founder Ric Edelman in a Jan. 15 interview.
More institutional adoption could come from pension and endowment funds, according to Pandl, who has been meeting with more crypto-curious fund managers who largely ignored the industry for a decade.
Many pension and endowment funds have kickstarted the process to include crypto in their portfolios, and some of those approvals may only be 6 to 12 months away, Pandl explained.
Pandl said some portfolio managers are already allocating up to 5% in crypto even though they’re still “in the process of dipping their toe in.”
Pandl also expects to see sovereign wealth funds from outside the US increase their exposure to crypto in the coming months.
Pandl also talked about the immense potential for institutional adoption of Ethereum, calling it one of, if not the most, important open-source software projects of all time.
Decentralized finance, real-world assets and artificial intelligence tokens may also capture institutional attention on the private fund side, Pandl added.
Pandl’s optimism comes five days ahead of Trump’s inauguration, who is expected to have the most pro-crypto administration to date.