ChainThink message, December 27: Alex Thorn, Research Head at Galaxy, stated on the X platform that for Bitcoin to achieve positive returns in 2025, its closing price must exceed $93,389 on the final day of the year. However, current investor sentiment toward Bitcoin remains decidedly subdued. That said, some portfolio managers may reassess Bitcoin in January 2026. This year has brought numerous bullish catalysts for Bitcoin, and such "bullishness" now appears to be the new norm.

Despite a lackluster end-of-year performance, U.S. Bitcoin ETPs have demonstrated significantly stronger resilience. Since reaching a historical high of $62 billion in October, cumulative inflows have declined by only 9%, further underscoring the maturing nature of this asset class. Galaxy believes it is merely a matter of time before Bitcoin follows gold as a hedge against currency devaluation, potentially ignited by several major asset allocators and central banks.