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[Galaxy Research Director Says Bitcoin Imitating Gold to Counter Currency Depreciation May Become a Trend] Galaxy Research Director Alex Thorn stated on the X platform that for Bitcoin to achieve positive returns by 2025, its year-end closing price would need to exceed $93,389. However, investor sentiment is currently relatively low, though some portfolio managers may reassess Bitcoin in January 2026. Despite several favorable developments for Bitcoin this year, its year-end performance has been lackluster. Meanwhile, U.S. Bitcoin ETPs have remained relatively stable, with fund inflows only decreasing by 9% since hitting a historical high of $62 billion in October. Galaxy believes that Bitcoin imitating gold as a hedge against currency depreciation may be driven by large asset allocators and central banks.