Galaxy Digital believes now is the time to accumulate Bitcoin, citing improving price trends, resilient ETF demand, and rising U.S. debt
Galaxy Digital believes now is the time to accumulate Bitcoin, citing improving price trends, resilient ETF demand, and rising U.S. debt. Alex Thorn, head of firmwide research at Galaxy, stated that the bear market likely ended in June below $58,000, and Bitcoin has entered an accumulation phase. The firm noted that spot Bitcoin ETFs added 87,000 BTC following the June low, and sees rising U.S. debt and persistent deficits strengthening Bitcoin's appeal as a fixed-supply asset. Bitcoin was trading around $80,000 at the time of the article, up 38% from its June lows.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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