Alex Thorn, Head of Research at Galaxy, highlighted on the X platform that U.S. Bitcoin ETPs are demonstrating stability, with cumulative inflows only 9% below their peak of $62 billion in October. Despite low investor sentiment, Thorn suggests Bitcoin could follow gold as a hedge against currency devaluation, driven by large asset allocators and central banks. For Bitcoin to achieve positive returns in 2025, its price must close above $93,389 by year-end, though some portfolio managers may reconsider Bitcoin in early 2026 due to its positive developments this year.
Galaxy Research Predicts Bitcoin's Potential as Currency Hedge
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
