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Galaxy Digital Analyst Alex Thorn: “There’s a Hidden Reason Why Banks Are Stopping Bitcoin and Cryptocurrencies”

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The cryptocurrency world is discussing not so much Bitcoin’s price movements, but rather the intriguing paradox between institutional adoption and regulatory pressures.

Appearing on The Wolf Of All Streets, Alex Thorn stated that global banks are facing the “Innovator’s Dilemma,” suggesting they are conducting a strategic “delay” operation.

According to Thorn, giant institutions like JPMorgan and Morgan Stanley are simultaneously establishing their own crypto custody services and blockchain-based payment systems, while also creating legal obstacles to stifle the industry through their lobbyists in Washington.

Thorn summarizes the situation with these words: “Banks are currently both building things and obstructing the process through their lobbyists. This is actually a clever strategy: They are slowing down innovation and buying time to integrate their own products before advanced technologies displace them.”

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Thorn notes that despite Bitcoin being in the $70,000 range, there is a “bear market feeling” in the market, attributing this to the complacency that comes with success.

Thorn says that individual investors are disappointed, while institutions are quietly and steadily continuing to enter the market, noting that the gap between these two groups has widened more than ever before.

Thorn predicts that the biggest future surge may come not from politicians, but from “Autonomous Agents.” Citing research, Thorn notes that autonomous AI tools tend to prefer stablecoins for payments and Bitcoin for savings and value preservation.

Thorn argues that AI could become one of the biggest players in the Bitcoin economy, saying, “It’s very easy to explain to a rational machine why it should prefer a currency that cannot be seized and that has no sovereignty.”

*This is not investment advice.

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