Bitcoin Bull Run Hasn’t Died—It’s Evolving, Says Galaxy Research Head
Bitcoin’s grinding tape, tamed volatility and repeated, incremental all-time highs are not symptoms of a failed cycle but evidence of a market changing hands and changing character, according to Alex Thorn, Galaxy’s head of firmwide research in an interview released October 23. Bitcoin Bull Run Gone Quiet: Here’s Why The researcher argues that the driver capping bitcoin’s near-term upside is exogenous—US–China tariff risk—rather than any structural deterioration in the asset’s fundamentals or adoption. “I don’t yet think it’s more existential than that for the bull market,” he said,....
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