Alex Thorn, an executive at Galaxy Digital, predicts that Bitcoin (BTC) could reach a new record high before the scheduled halving event in April.
Breaking the Cycle
Historically, Bitcoin has hit new highs after halving events, but Thorn believes the launch of spot Bitcoin exchange-traded funds (ETFs) is changing the cycle.
ETFs as a Game-Changer
Thorn argues that Bitcoin ETFs are disrupting price cycles and holder behavior. He predicts a new ATH within weeks, driven by increasing adoption and its recognition as a macro hedge asset.
Bitcoin’s Prime Time
Bitcoin is now being discussed alongside gold and treasuries as a way to protect against inflation. Thorn believes that the excitement around Bitcoin is just getting started.
Current Market Conditions
At the time of writing, Bitcoin is trading at $61,620, just below its ATH of $69,000.
