What Bitcoin Did
What Bitcoin Did
Danny Knowles
The Most Bullish Thing About Bitcoin | Alex Thorn
1 hour 20 minutes Posted Aug 5, 2026 at 5:00 pm.
Summer market outlook and indicators
Michael Saylor's market impact
Sustained influence of Saylor
The Noah Doe legal case
Status of the Clarity Act
AI, energy, and final thoughts
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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 ownership of coins linked to Satoshi, the quantum-computing risk, government control of superintelligent AI, and the last-minute fight to protect self-custody through the CLARITY Act.

*Note, this was recorded before the recent Coldcard vulnerability. For more info watch this… https://youtu.be/rf-9rf93OpE

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