Galaxy Digital's Alex Thorn Forecasts Bitcoin at $250,000 by End-2027

Alex Thorn, head of research at Galaxy Digital, said Bitcoin could reach $250,000 by end-2027, according to BlockBeats. In a December 21 analysis, Thorn noted options markets show similar odds for BTC hitting $70,000 or $130,000 by mid-2026, and $50,000 or $250,000 by end-2026, underscoring near-term uncertainty. He said Bitcoin remains in a bear phase until it decisively holds $100,000–$105,000, citing risks from AI spending, monetary policy, and U.S. midterms, but remains long-term bullish as institutional adoption positions BTC as a hedge against currency debasement.