Galaxy Digital Predicts the Bitcoin NFT Market to Hit $4.5B By 2025

Galaxy Digital Forcast the BTC NFT Market to Hit $4.5B

Galaxy Digital's research unit predicts that the Bitcoin NFT market will reach a $4.5 billion market cap by March 2025, based on the current size and growth rate of Ethereum's NFT market. Bitcoin NFTs allow users to inscribe data onto individual satoshis, representing 0.00000001 Bitcoin, and have gained attention from giants such as Yuga Labs. 

Galaxy's report provides three market cap predictions based on bear, base, and bull case scenarios, with the base case expecting expansion into mainstream NFT cultures like Profile Pictures, memes, and utility projects.