Bitcoin's Focus Shifts Amid Emerging Technologies, Says Galaxy Digital's Alex Thorn

According to Odaily, Alex Thorn, Head of Research at Galaxy Digital, discussed in a CNBC interview the shifting focus from Bitcoin to other sectors like AI, nuclear energy, quantum technology, and gold. Despite the initial optimism for Bitcoin earlier this year, Thorn believes that attention will eventually return to the cryptocurrency, as it always does. He suggests that Bitcoin is entering a more mature phase. While maintaining a long-term positive outlook on Bitcoin, Thorn has revised Galaxy Digital's year-end price target from $185,000 to $120,000. He also noted that recent analysis by JPMorgan analysts indicates that increased volatility in gold makes Bitcoin relatively more attractive.