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Galaxy tips Bitcoin NFT market to hit $4.5B by 2025



© Reuters

In a “base case” scenario, Galaxy Digital’s research unit has tipped the burgeoning nonfungible token (NFT) market to hit a $4.5 billion market cap by March 2025.

Bitcoin NFTs, or Ordinals, have attracted significant attention since the Ordinals protocol launched in late January, enabling users to inscribe data such as images, PDFs, video and audio onto individual satoshis — each representing 0.00000001 Bitcoin (BTC).

Estimated Bitcoin NFT market cap. Source: Galaxy Digital

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