Crypto Research, Digital Assets, and Markets by Alex Thorn
Alex Thorn is Head of Firmwide Research at Galaxy Digital, overseeing a team analyzing cryptocurrency markets, tech developments, and institutional flows.([turn0search13], [turn0search18]) Previous positions include Director of Blockchain Research and co-manager of Avon Ventures, the early-stage crypto venture fund affiliated with Fidelity.([turn0search13]) Prior contributions span legal, compliance, and venture investing roles across a decade at Fidelity Investments.
Public commentary includes regular Galaxy Research pieces, weekly Galaxy Brains podcast with rap intro sequences, and video/TV appearances on platforms like Bankless and Al Jazeera.([turn0search23]) Podcast downloads regularly number in the thousands per episode across Apple, Spotify, and YouTube. Annual compensation—combining research leadership, media activity, and advisory—is estimated in the low seven-figure USD range. With deep institutional research experience and public-facing presence, Thorn stands out across both strategy and culture within crypto media.
Alex Thorn: BIP-110 signaling projected to be 51 percentage points below 55 percent activation threshold
Alex Thorn projects that BIP-110 signaling will fall significantly short of the mandatory 55 percent required at the activation block. He calculates that even if the recent acceleration in ...
Dormant coin awakening declined in 2026, Alex Thorn notes
Alex Thorn highlights that dormant coins showed a significant decrease in activity in 2026 compared to prior years. According to Thorn, annual Coin Days Destroyed (CDD) by age band indicates ...
Alex Thorn: Up to $5 million in grants pledged for post-quantum cryptography in bitcoin
Alex Thorn announced a pledge of up to $5 million in grants to support open source developers working on post-quantum cryptography for bitcoin. The initiative focuses on those developing ...
Court to consider entry requests in dormant coins case, Alex Thorn notes
Alex Thorn reports that a court has scheduled a hearing for September 8 at 2:30 p.m. to consider requests from both Bitcoin Policy (as intervenor-defendant) and the Digital Chamber (as amicus) to ...
Alex Thorn: Bitcoin awakening clusters observed in 2017, 2021, 2024, 2025
Alex Thorn identifies patterns in bitcoin's growth since 2016, highlighting that older awakening clusters became active during bitcoin rallies in 2017, 2021, 2024, and 2025. His analysis ...
Lost coins myth obscures crypto gains, Alex Thorn notes
Alex Thorn discusses the idea that 'lost coins' in cryptocurrency are more of a myth than widely believed. He also points to a 105,742,020% gain, drawing attention to the extraordinary returns ...
Alex Thorn: OP_RETURN blockspace impact remains minimal after Bitcoin Core v30 release
Alex Thorn highlights that OP_RETURN blockspace usage has not seen significant growth following the release of Bitcoin Core v30. According to Thorn, although there is a slight increase in ...
Bitcoin purchased at 2013 high leaves cold storage, Alex Thorn notes
Alex Thorn points out that Bitcoin purchased at the peak price in 2013 has recently been moved out of cold storage. The tweet highlights that owners can access or transfer old coins from secure ...
Alex Thorn: Dormant ‘noah doe’ coins moving onchain at faster pace
Alex Thorn observes a notable increase in movement of ‘noah doe’ coins that had been dormant for almost 15 years. He points out that the pace of these long-inactive coins being claimed and ...
Legal contest begins in Satoshi coin case, Alex Thorn notes
Alex Thorn reports that an individual identified as a real human being has filed a notice of appearance in the ongoing abandoned property litigation, where the entity known as ‘Noah Doe’ is ...
Alex Thorn: Casascius coin dashboard by w_s_bitcoin highlighted for crypto enthusiasts
Alex Thorn draws attention to a casascius coin dashboard created by w_s_bitcoin, describing it as incredible and worth checking out. The tweet highlights the dashboard as a notable tool for those ...
BTCUSD value shown in real versus nominal dollars, Alex Thorn notes
Alex Thorn draws attention to the comparison of BTCUSD in real 2010 dollar terms versus nominal terms on a linear y-axis scale. The tweet demonstrates how viewing Bitcoin's price history in ...
Alex Thorn: Bitcoin can be stored for over 15 years without intermediary interference
Alex Thorn highlights that individuals can store their bitcoin for more than 15 years without any need to move or access the assets during that period. He emphasizes that, even after such an ...
Bitcoin markets, AI, and DeFi discussed, Alex Thorn notes
Alex Thorn interviewed Binance founder Changpeng Zhao, who spoke about bitcoin markets, artificial intelligence, perpetual contracts, prediction markets, decentralized finance, and regulatory ...
Alex Thorn: Binance founder is now world’s 26th-wealthiest person with $85 billion
Alex Thorn highlights the trajectory of Binance founder Changpeng Zhao, who established the world’s largest crypto exchange and declined a bailout request from Sam Bankman-Fried. According to ...
Trade-throughs a 1-2% issue with $321 million harm, Alex Thorn notes
Alex Thorn highlights the findings of a Securities and Exchange Commission study indicating that trade-throughs represented only a 1-2% occurrence when measured against displayed size, resulting ...
Alex Thorn: Weekly onchain bitcoin PnL exceeds $1 million per move
Alex Thorn shares data highlighting the weekly aggregate profit and loss (PnL) for all onchain bitcoin movements greater than $1 million in value, tracked from inception to the present. This ...
Net onchain BTC sales by old coins exceed ETF inflows and Strategy buys, Alex Thorn notes
Alex Thorn highlights that since January 2024, sales of 5+ year dormant BTC coins onchain have exceeded the combined inflows into ETFs and Strategy (MSTR) purchases every month except February ...
Alex Thorn: 2011 coins from New York lost-and-found case now moving onchain
Alex Thorn reports that more coins from 2011—originally believed to be lost in the 'noah doe' lost-and-found case in New York state—are now becoming active and moving onchain. This activity ...
Old coins from property case were retained, Alex Thorn notes
Alex Thorn comments on a case involving very old coins that were reportedly served by an individual named Noah Doe in an abandoned property matter. Thorn points out that, despite initial ...
Alex Thorn: Satoshi era coins moved but not linked to Satoshi
Alex Thorn reports that coins dating back to the Satoshi era were moved earlier today. However, these coins are not believed to be associated with ...
