"Galaxy Digital is taking an unusually candid stance on Bitcoin's ( CRYPTO: BTC) next phase. According to Alex Thorn, the firm's head of research, Galaxy sees Bitcoin's 2026 price too chaotic to forecast confidently , even as longer-term conviction remains intact. Galaxy's comments reflect a market shaped by macro policy swings, political risk, and shifting institutional behavior rather than the clean four-year cycle patterns that defined previous bull runs."
"Here's the problem: the Federal Reserve might cut rates 2-3 times or hold steady depending on inflation. Trump administration pro-crypto policies might execute quickly or stall in Congress. Bitcoin's correlation with stocks means macro data-jobs reports, GDP prints, inflation readings-now drives price more than crypto-specific news. That creates genuine uncertainty where Bitcoin could reasonably land anywhere from $70,000 to $130,000 by mid-2026. Yet beneath that near-term chaos, Galaxy argues that structural adoption continues building. ETFs, corporate balance sheets, and pension frameworks are permanently reshaping institutional capital engagement."
Macro policy uncertainty, political execution risk, and Bitcoin's rising correlation with equities create a wide mid-2026 price range from $70,000 to $130,000. The Federal Reserve may cut rates 2–3 times or pause depending on persistent inflation near 3%, leaving the 2% target out of reach and complicating policy paths. Pro-crypto measures under the Trump administration face either rapid implementation or legislative delay, adding political risk. Institutional flows via ETFs, corporate balance sheets, and pension frameworks are steadily increasing structural adoption, supporting a materially higher long-term valuation such as a $250K 2027 target despite short-term chaos.
Read at 24/7 Wall St.
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