Bitcoin's concentration is changing amid emerging technologies, says Alex Thorn of Galaxy Digital.

According to Odaily, Alex Thorn, head of research at Galaxy Digital, discussed in an interview with CNBC the shift from focusing on Bitcoin to other sectors such as artificial intelligence, nuclear energy, quantum technology, and gold. Despite the initial optimism about 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 positive long-term outlook on Bitcoin, Thorn adjusted 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.#GateOctTransparencyReportReleased #CoinDeskOctoberGateReportComing #GovShutdownOfficiallyEnded #PI #BTC