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Galaxy Tips Bitcoin NFT Market to Hit $4.5B by 2025

In a new report published on March. 3, Galaxy researchers analyzed the potential growth of Bitcoin NFTs and made estimations “conservatively based on the current size of Ethereum’s NFT market” and its growth rate over the past few years.

Looking at Galaxy’s baseline analysis, the report outlined that if Bitcoin NFTs can “expand to mainstream NFT culture like PFPs [Profile Pictures], memes and utility projects,” the market capitalization should increase to $4.5 billion.

The researchers also noted that the projection of $4.5 billion is also based on the “rapid development in inscription awareness coupled with the marketplace/wallet infrastructure already [being] out today.”

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