Galaxy’s Alex Thorn Says Bitcoin Held Near $80,000 Because Hedge Funds Had Already Sold
Photo: Unchained
Bitcoin has stayed close to $80,000 through a month of worry over the AI trade because the investors most likely to sell on that worry had already left, Alex Thorn , head of firmwide research at Galaxy Digital , said Thursday. “People ask why Bitcoin’s been so resilient around 80 while everybody has a wall of worry meltdown about the AI trade the last month,” Thorn said on Unchained in a live episode recorded Thursday.
Source: Unchained
