Galaxy Digital Research Head Announces Lower Bitcoin (BTC) Price Target – Here’s Why

Alex Thorn, head of research at Galaxy Digital, one of the leading institutional investors in the cryptocurrency market, told CNBC that he significantly lowered his year-end price target for Bitcoin but maintained his long-term ￰0￱ announced that he has lowered his year-end Bitcoin price target to $120,000, having previously set it at $185,000. This revision was made following “boundless optimism” at the beginning of the year, amidst market liquidity constraints and economic uncertainty in recent ￰1￱ Galaxy Digital's head of research noted that Bitcoin could regain momentum soon, he noted that current investor interest has shifted to other ￰2￱ explained that investors are currently focusing on areas like artificial intelligence (AI), nuclear energy, quantum technology, and gold, which has temporarily dampened interest in ￰3￱ News: Bitcoin Predictions from Bloomberg Analyst McGlone: “By Monday Morning...” Thorn expressed his belief that interest will eventually return to Bitcoin, as it always ￰4￱ the downgrade, Alex Thorn remains positive about Bitcoin's long-term ￰5￱ believes the market is entering a more mature phase, and the distribution from large Bitcoin holders to new investors is solidifying the asset's base and laying a healthy foundation for a future uptrend. *This is not investment ￰6￱ Reading: Galaxy Digital Research Head Announces Lower Bitcoin (BTC) Price Target – Here’s Why