CoinVoice has recently learned that Alex Thorn, the research director at Galaxy Digital, stated that the continued expansion of institutional access is resonating with the gradually easing monetary policy and the urgent demand for non-dollar hedging assets in the market. In the next two years, Bitcoin is likely to be widely accepted as an asset to hedge against currency devaluation, and he expects Bitcoin to reach $250,000 by the end of 2027.
The trend in 2026 is too chaotic to predict, but it is still possible for Bitcoin to reach a new historical high in 2026. Currently, the pricing given by the options market shows that by the end of June 2026, the probability of Bitcoin falling to $70,000 or rising to $130,000 is almost equal; while by the end of 2026, the probability of falling to $50,000 or rising to $250,000 is also close.
Such a wide price range reflects a high level of uncertainty in the market regarding the short to medium-term outlook. Alex Thorn also pointed out that looking at the annual performance, the long-term volatility structure of Bitcoin has structurally decreased, partly due to the introduction of larger-scale covered calls and Bitcoin yield generation strategies.
It is worth noting that in the current BTC volatility smile curve, the pricing of put options at the volatility level has exceeded that of call options, which was not the case six months ago. This trend of 'maturation' may continue.
Regardless of whether Bitcoin continues to decline and approaches the 200-week moving average, the maturity of its asset class and the level of institutional adoption are continuously increasing. The year 2026 may be relatively dull for Bitcoin, whether it ultimately closes at $70,000 or $150,000, our bullish judgment on its long-term prospects will only become more firm. [Original link]
