Galaxy Digital's Alex Thorn sees Bitcoin hitting $250,000 by end-2027

Galaxy Digital Head of Research Alex Thorn said Bitcoin will reach $250,000 by the end of 2027, BlockBeats reports. He wrote on Dec. 21 that options market pricing shows roughly similar probabilities of BTC at $70,000 or $130,000 by end-June 2026, and at $50,000 or $250,000 by end-2026, reflecting high uncertainty over the near to mid term. Thorn noted the crypto market was in a bear phase and that BTC had not re-established clear bullish momentum, adding that downside risks persist until BTC firmly holds the $100,000–$105,000 range and citing macro uncertainties including the pace of AI capital spending, the monetary policy environment, and November U.S. midterm elections. He observed a structural decline in BTC's long-term volatility partly linked to larger covered-call and yield-generation strategies, said the volatility smile now prices puts richer than calls versus six months ago, and maintained a long-term bullish view, adding that institutional access is expanding and that Bitcoin is likely to be accepted like gold as a hedge against currency devaluation within two years.