Galaxy Digital Research Director: The optimistic sentiment for Bitcoin has cooled since the beginning of the year, with investors turning to areas such as AI.

2025-11-09 07:03:22

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According to Mars Finance, Galaxy Digital's research director Alex Thorn stated in an interview with CNBC that people's optimism towards Bitcoin at the beginning of the year was much higher than it is now, but this crypto asset could regain momentum soon. Thorn mentioned that investors have shifted their focus to areas such as artificial intelligence, nuclear energy, quantum technology, and gold. “There are many other sectors to gain returns this year, which has hindered investors' allocation to Bitcoin.” Although Thorn remains bullish on Bitcoin in the long term, he has lowered the year-end target price for Bitcoin from $185,000 to $120,000.

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