🚀 Bitcoin's Focus Shifts Amid Emerging Technologies, Says Galaxy Digital's Alex Thorn
#Bitcoin #GalaxyDigital #AlexThorn #Cryptocurrency #AI #NuclearEnergy #QuantumTechnology #Gold #JPMorgan #Volatility #PriceTarget #Research #CryptocurrencyMarket #BitcoinMaturity #BTC
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.#Bitcoin #GalaxyDigital #AlexThorn #Cryptocurrency #AI #NuclearEnergy #QuantumTechnology #Gold #JPMorgan #Volatility #PriceTarget #Research #CryptocurrencyMarket #BitcoinMaturity #BTC
🚀 Bitcoin's Market Sentiment Improves Amid Federal Reserve's Policies
#Bitcoin #MarketSentiment #FederalReserve #CryptoMarket #AccommodativePolicies #BondMarket #ForexMarket #Bitcoin2025 #BitcoinMaturity #CryptoCycles #BitcoinPrice #JurrienTimmer #CryptoTrends #BTC
According to Odaily, Jurrien Timmer, Fidelity's Global Macro Director, highlighted on the X platform that the current improvement in market sentiment follows a decline in excessive speculation within the crypto market. This change is occurring against the backdrop of the Federal Reserve's accommodative policies and stability in the bond and foreign exchange markets. Timmer suggests that Bitcoin's official closing in 2025 could be favorable. Previously, Bitcoin treasury companies provided 'returns' by issuing stocks to purchase Bitcoin, which might now pose a resistance to Bitcoin's rise and raise questions about the end of another four-year cycle.
However, examining Bitcoin's mature network curve structure reveals that since 2010, Bitcoin has experienced five waves of upward trends, with each wave's increase being smaller than the previous one but lasting longer. From the recent bull market, which began around $16,000 in 2022, it is evident that Bitcoin has reached a significant level of maturity. According to the five-wave trend chart shared by Jurrien Timmer, the peak price in the fifth wave could be $151,360.#Bitcoin #MarketSentiment #FederalReserve #CryptoMarket #AccommodativePolicies #BondMarket #ForexMarket #Bitcoin2025 #BitcoinMaturity #CryptoCycles #BitcoinPrice #JurrienTimmer #CryptoTrends #BTC