Grayscale executives: The cryptocurrency industry will see many small-scale breakthroughs in 2025, including Bitcoin becoming a reserve asset in the United States

ChainCatcher news, according to Cointelegraph, Grayscale's Managing Director of Research Zach Pandl stated that following the approval of the spot ETF in 2024 and the election of Trump, the crypto industry will see more small-scale breakthroughs in 2025. These include increased institutional adoption, Congress introducing a more comprehensive legislative framework, and Bitcoin potentially becoming a reserve asset for the United States.

In a conversation with Ric Edelman, founder of the Digital Assets Council of Financial Professionals (DACFP), Pandl mentioned that it is not "completely impossible" for Bitcoin to reach $500,000 by 2030. He pointed out that pension funds and endowments that have been cautious about cryptocurrencies over the past decade are now actively engaging in this field, with some portfolio managers beginning to allocate up to 5% of their assets to crypto, and more institutional approval processes expected to be completed within 6-12 months.

Additionally, Pandl anticipates that sovereign wealth funds outside the United States will increase their exposure to crypto assets in the coming months. He is particularly optimistic about the institutional adoption prospects of Ethereum, calling it "one of the most important open-source software projects." In the private equity space, decentralized finance (DeFi), tokenization of physical assets, and AI tokens may attract institutional interest.