PANews reported on November 9th, citing Cointelegraph, that Alex Thorn, head of research at Galaxy Digital, stated in an interview with CNBC that optimism surrounding Bitcoin was much higher at the beginning of the year than it is now, but the cryptocurrency may soon regain its momentum. Thorn noted that investors have turned their attention to areas such as artificial intelligence, nuclear energy, quantum technology, and gold. "There are many other areas that could yield returns this year, which is hindering investor allocation to Bitcoin." While Thorn remains bullish on Bitcoin in the long term, he lowered his year-end price target for Bitcoin from $185,000 to $120,000.