Galaxy Digital’s head of research explains why bitcoin’s outlook is so uncertain in 2026

Galaxy Digital’s head of firmwide research, Alex Thorn, says 2026 may be one of the most difficult years to forecast for bitcoin (BTC), even as the firm maintains a bullish long-term outlook. In a Dec. 21 post on X, Thorn said the coming year is “too chaotic to predict,” pointing to a mix of macro uncertainty, political risk and uneven crypto market momentum. Thorn said the comments were based on Galaxy Research’s Dec. 18 report, “26 Crypto, Bitcoin, DeFi, and AI Predictions for 2026,” which outlines the ...