Galaxy Digital Research Director: Early-Year Optimism in Bitcoin Has Cooled, Investors Shift to AI and Other Fields

Alex Thorn, head of research at Galaxy Digital, said that the optimism surrounding Bitcoin at the beginning of the year has cooled, with investors turning to fields such as AI and nuclear energy. He remains bullish on Bitcoin in the long term, but has lowered his year-end price target from $185,000 to $120,000.