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Galaxy Digital Research Director Alex Thorn stated in an interview with CNBC that while there was strong optimism for Bitcoin at the beginning of this year, attention has shifted towards areas such as AI, nuclear energy, quantum technology, and gold, leading to a dilution of focus on Bitcoin. He emphasized that "the attention on Bitcoin will come back; it always does," and believes Bitcoin is entering a more mature era. Alex Thorn remains bullish on Bitcoin long-term but has lowered Galaxy Digital's year-end target price from $185,000 to $120,000. He also mentioned that recent JPMorgan analysts believe that the rise in gold volatility makes Bitcoin relatively more attractive.
