Galaxy Digital Research Head Announces Lower Bitcoin (BTC) Price Target – Here’s Why
2025-11-09 18:45
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 optimism. Thorn 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 weeks. While Galaxy Digital's head of research noted that Bitcoin could regain momentum soon, he noted that current investor interest has shifted to other sectors. Thorn explained that investors are currently focusing on areas like artificial intelligence (AI), nuclear energy, quantum technology, and gold, which has temporarily dampened interest in Bitcoin. Related News: Bitcoin Predictions from Bloomberg Analyst McGlone: “By Monday Morning...” Thorn expressed his belief that interest will eventually return to Bitcoin, as...
