Alex Thorn, research director at Galaxy Digital, said in an interview with CNBC that people were much more optimistic about Bitcoin at the beginning of the year than they are now, but this cryptocurrency may soon regain its popularity. Thorn said that investors have turned their attention to areas such as artificial intelligence, nuclear energy, quantum technology, and gold. "There are many other areas this year where profits can be made, which has hindered investors from allocating to Bitcoin." Despite Thorn's long-term bullish outlook on Bitcoin, he has lowered his year-end target price for Bitcoin from $185,000 to $120,000.
