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Bitcoin Didn’t ‘Fail’ Digital Gold: Markets Misinterpret The Thesis

greater by greater
February 18, 2026
Reading Time: 4 mins read
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Bitcoin Didn’t ‘Fail’ Digital Gold: Markets Misinterpret The Thesis


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Galaxy Digital head of analysis Alex Thorn is pushing again on a rising critique that Bitcoin has “failed” its digital gold promise, arguing that the label was all the time about BTC’s financial properties, not a assure it might commerce like bullion in each macro regime.

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