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Galaxy Digital Research Head Alex Thorn: BTC year-end price target lowered from $185,000 to $120,000, but remains optimistic about long-term potential.
2025-11-09 06:14

According to Odaily Planet Daily, Galaxy Digital's Head of Research, Alex Thorn, stated in an interview with CNBC that while there was strong optimism surrounding Bitcoin at the beginning of the year, attention has been somewhat diverted as investors have shifted their focus to areas such as AI, nuclear energy, quantum technology, and gold. He emphasized that "attention will come back to Bitcoin, it always does," and believes Bitcoin is entering a more mature era. Thorn remains bullish on Bitcoin in the long term but has lowered Galaxy Digital's year-end price target from $185,000 to $120,000. He also mentioned that recent analysis from JPMorgan analysts suggests that increased volatility in gold makes Bitcoin relatively more attractive. (Cointelegraph)