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Bitcoin To Hit New All-Time High ‘Within Weeks,’ Says Galaxy Research: ‘This Time It’s Different’

Bitcoin (CRYPTO: BTC) is on track to reach a new all-time high within a matter of weeks, according to Alex Thorn, Head of Firmwide Research at Galaxy Digital. What Happened: Thorn believes the recent surge in Bitcoin’s price is just the beginning of a major bull run, fueled by several key factors. Galaxy attributes the recent spike in Bitcoin’s price to the influx of institutional investments, with Bitcoin ETFs recording a net $576 million of BTC. This marked BlackRock’s (NYSE: BLK) largest-ever day of inflows. Moreover, notable figures like Michael Saylor continue to bolster their Bitcoin hol…