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What Bitcoin Did

What Bitcoin Did

The Most Bullish Thing About Bitcoin | Alex Thorn

Aug 5, 2026 · 1h 20m

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“Who is left now that wants to sell at $65K?” Bitcoin has gone through the price pain. Now comes the time pain. Alex Thorn, Head of Firmwide Research at Galaxy, is back on the show in New York to get into whether Bitcoin has already found its bottom, why sellers may finally be exhausted, and how the next rally could begin before the wider market notices. We discuss the on-chain signals around $58K, the changing shape of Bitcoin’s market cycles, and how the enormous debt funding the AI boom could revive the currency-debasement narrative and put Bitcoin back at the centre of the market. We also get into whether a court can declare dormant Bitcoin “abandoned,” the attempt to claim legal…