Galaxy Digital has adjusted its Bitcoin price target downwards, citing changing investor interest towards sectors like artificial intelligence (AI), nuclear energy, and gold. The firm now predicts a year-end price of $120,000, down from its previous estimate of $185,000. Public confidence in Bitcoin has experienced a dip, but the company maintains a positive outlook for long-term growth. Alex Thorn, head of research at Galaxy Digital, explained that this shift in investment priorities is impacting Bitcoin’s performance as investors increasingly prioritize other areas. 24-hour price fluctuations have been observed with a decrease of 0.52%, bringing the market down to $101,753.28. Despite this decline, the limited supply of Bitcoin (BTC) at only 19.95 million out of a maximum of 21 million continues to solidify its presence in the financial ecosystem.