Conversations about Bitcoin covering markets, tech, compute, and culture from hosts Charlie Spears and Colin Harper.
Listen for weekly shows covering everything from deep Bitcoin mining to the conversation of the week in Bitcoin. We talk with the executives, operators, deal makers, financers and builders making the digital frontier happen.
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Conversations about Bitcoin covering markets, tech, compute, and culture from hosts Charlie Spears and Colin Harper.
Listen for weekly shows covering everything from deep Bitcoin mining to the conversation of the week in Bitcoin. We talk with the executives, operators, deal makers, financers and builders making the digital frontier happen.
Available on all podcast players, YouTube and on syndication platforms like Yahoo Finance, CoinDesk and more! Be sure to subscribe and give us a five star review so you never miss a podcast!
$120K Bitcoin Call, Stablecoins, and 2026 BTC Market w/ Galaxy Research Alex Thorn
The Blockspace Podcast
43 minutes
1 week ago
$120K Bitcoin Call, Stablecoins, and 2026 BTC Market w/ Galaxy Research Alex Thorn
Alex Thorn, Head of Research at Galaxy Digital, joins us to talk about why Galaxy revised their Bitcoin end-of-year target from $185K to $120K, the competitive headwinds from gold (up 57% vs Bitcoin's 12%), AI investments, and stablecoins, the October 10th leverage wipeout, Bitcoin's maturation into a lower-volatility asset, whale distribution patterns, the stalled momentum of ordinals and runes, Bitcoin Layer 2 developments, and the ongoing arbitrary data filters debate affecting projects like Citrea and Botanix.
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Notes:
• Galaxy revised BTC target: $185K down to $120K
• Gold outperformed Bitcoin: 57% vs 12% YTD
• October 10th leverage wipeout major catalyst
• Bitcoin Season 2 momentum has stalled out
• Stablecoins creating major market competition
• Layer 2s like Citrea, Botanix still early stage
Timestamps:
00:00 Start
00:49 Gov shutdown? Oh no!!!
03:03 Revising EOY price prediction
07:55 Next price catalyst?
10:50 Longer term price predictions
14:01 Crashing to $100k
16:34 Stablecoins
22:38 Tether & competition
30:11 Backing
33:58 Did we lose the plot?
37:37 Enthusiasm for BTC development
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The Blockspace Podcast
Conversations about Bitcoin covering markets, tech, compute, and culture from hosts Charlie Spears and Colin Harper.
Listen for weekly shows covering everything from deep Bitcoin mining to the conversation of the week in Bitcoin. We talk with the executives, operators, deal makers, financers and builders making the digital frontier happen.
Available on all podcast players, YouTube and on syndication platforms like Yahoo Finance, CoinDesk and more! Be sure to subscribe and give us a five star review so you never miss a podcast!
