Galaxy Digital Research Director: Institutional access and monetary easing resonance may drive BTC to reach $250,000 within two years.

CoinVoice has recently learned that Alex Thorn, head of research at Galaxy Digital, stated that the ongoing expansion of institutional access is resonating with the gradually loosening monetary policy and the urgent demand for non-US dollar hedging assets. In the next two years, Bitcoin is likely to be widely accepted as an asset for hedging against currency depreciation, similar to gold. He predicts that Bitcoin will reach $250,000 by the end of 2027.

The trend for 2026 is too chaotic and difficult to predict, but it is still possible for Bitcoin to reach a historical high in 2026. Currently, the pricing provided by the options market shows that by the end of June 2026, the probability of Bitcoin falling to $70,000 or rising to $130,000 is almost equal; and by the end of 2026, the probability of falling to $50,000 or rising to $250,000 is similarly close.

Such a wide price range reflects the market's high uncertainty regarding the medium to short-term outlook. Alex Thorn also pointed out that, looking at the annual performance, the structural decline in Bitcoin's long-term volatility may be partly due to the introduction of larger scale covered calls and Bitcoin yield generation strategies.

It is worth noting that in the current volatility smile curve of BTC, the pricing of put options at the volatility level has exceeded that of call options, which was not the case six months ago. This trend of “maturation” may continue.

Whether Bitcoin continues to decline and approaches the 200-week moving average, the maturity of this asset class and the level of institutional adoption are continuously increasing. The year 2026 may be a relatively dull year for Bitcoin, whether it ultimately closes at $70,000 or $150,000, our bullish judgment on its long-term prospects will only become more steadfast.