Bitcoin’s Future: Shifting Focus Amid Emerging Technologies

Alex Thorn, Head of Research at Galaxy Digital, suggests a shift in focus away from Bitcoin towards other promising sectors like artificial intelligence (AI), nuclear energy, quantum technology, and gold. Despite early excitement about Bitcoin this year, Thorn predicts that investor attention will eventually return to the cryptocurrency as it always has, marking a transition into a more mature phase. While maintaining a positive long-term view on Bitcoin, he’s lowered Galaxy Digital’s year-end price target from $185,000 to $120,000. JPMorgan analysts further highlight the increased volatility in gold, suggesting that this may make Bitcoin appear more attractive to investors.