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Galaxy Research Director: US ETP Stable, Bitcoin Following Gold to Become Currency Devaluation Hedge Tool Only a Matter of Time
Summary: According to Galaxy's research director Alex Thorn on X platform, for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the last day of the year. Despite current low investor sentiment, some portfolio managers may reconsider Bitcoin in January 2026. Despite a lackluster year-end performance, US Bitcoin ETPs have shown ...
According to Galaxy's research director Alex Thorn on X platform, for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the last day of the year. Despite current low investor sentiment, some portfolio managers may reconsider Bitcoin in January 2026. Despite a lackluster year-end performance, US Bitcoin ETPs have shown much more stability, with only a 9% decrease in inflows since hitting a record high of $62 billion in October. Galaxy believes Bitcoin mimicking gold as a currency devaluation hedge tool may just be a matter of time, with several large asset allocators and central banks potentially fueling this trend.
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Link: Galaxy Research Director: US ETP Stable, Bitcoin Following Gold to Become Currency Devaluation Hedge Tool Only a Matter of Time [Copy]
