PANews reported on December 27th that Alex Thorn, Head of Research at Galaxy, stated on the X platform that for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the last trading day of the year. However, current investor sentiment towards Bitcoin is undoubtedly low. Nevertheless, some portfolio managers may reassess Bitcoin in January 2026, given the numerous positive developments it has received this year, which seem to have become the norm.

Despite a lackluster year-end performance, US Bitcoin ETPs have shown much greater stability, with cumulative inflows declining by only 9% since their all-time high of $62 billion in October, further highlighting the asset class's growing maturity. Galaxy believes it may only be a matter of time before Bitcoin follows gold as a hedge against currency devaluation, with several large asset allocators and central banks potentially igniting this trend.