ChainCatcher news, Galaxy research head Alex Thorn stated on platform X that for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the last day of the year. However, Bitcoin investor sentiment is undoubtedly relatively low at the moment, though some portfolio managers may revisit Bitcoin in January 2026. This year, Bitcoin has seen many positive developments, and such “positives” seem to have become the norm. Despite a lackluster year-end performance, U.S. Bitcoin ETPs have been much more stable, with cumulative inflows down only 9% since the October all-time high of $62 billion, further highlighting the growing maturity of this asset class.
Galaxy believes it may only be a matter of time before Bitcoin follows gold as a hedge against currency depreciation, with several large asset allocators and central banks potentially igniting this trend.
