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Key Takeaways
- Galaxy One’s Zac Prince sees strong odds of Bitcoin reaching new all-time highs.
- Institutions should hold Bitcoin as a portfolio allocation, he said.
- Prince highlighted generational wealth transfer as a key driver going forward.
A senior Galaxy Digital executive struck a bullish tone on Bitcoin’s long-term prospects in a new interview, saying BTC has strong odds of reaching fresh all-time highs each year despite ongoing volatility.
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A New Bitcoin All-Time High Price Every Year?
Zac Prince, head of Galaxy One and former chief executive of crypto lender BlockFi, said Bitcoin continues to benefit from structural tailwinds even after a disappointing performance last year.
“I would make a prediction almost at the beginning of every year that Bitcoin hits a new all-time high, and I’d give it pretty good odds,” Prince said in an interview on The Milk Road Show.
Bitcoin entered the new year after a volatile 2025 that left many retail investors disillusioned, despite strong performances in traditional assets such as stocks and gold.
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Prince said the disconnect between market sentiment and fundamentals has become increasingly clear.
“The market felt pretty bearish at the end of last year,” he said.
“Twitter sentiment… felt very bearish. You had some people rage quitting.”
Based on his experience, Prince said extreme pessimism can sometimes signal an inflection point.
“Anytime you start to see that sentiment,” he said, “it could be the beginning of a signal that it’s about to rip.”
Bitcoin as a Long-Term Allocation
Prince said he does not attempt to forecast short-term price movements and instead views Bitcoin as a long-term portfolio asset combining store-of-value characteristics with venture-style upside.
“I’ve never been much of a short term market prognosticator,” he said. “I don’t make investment decisions based on how I feel about where the price might go.”
He added that his thesis on Bitcoin has remained consistent since he first invested nearly a decade ago.
“From when I first started investing in Bitcoin, which was back in 2015, I’ve thought that it was something that is a store of value mixed with a kind of venture capital type of bet, and I still think it serves that purpose,” Prince said.
Prince pointed to institutional adoption as a key driver of long-term demand.
“I think there’s tremendous tailwinds behind the asset class, with ETFs and other kind of traditional financial services platforms having products now that they can sell to investors to give them exposure,” he said.
As a result, he said Bitcoin should be part of diversified portfolios.
“My view is that everyone that manages liquid investments for their self or an institution would be wise to have an allocation,” Prince said.
“I think it does a wonderful thing to portfolios.”
Younger Preferences Matter
Prince said longer-term demographic could support markets and Galaxy One’s strategy heading into 2026.
“Despite all the doom and gloom news that we hear, if you turn on the TV or read social media apps, the wealth of the American consumer is doing really well,” he said.
He pointed to generational wealth transfer as a structural shift that could reshape financial services.
“I see a lot of stuff about how, like, younger people are getting screwed because older people are holding all the money,” Prince said.
“Well, the older people are going to pass away and pass the money down to younger people.”
As that transition unfolds, Prince said younger investors’ preferences will increasingly matter.
“So as that wealth transfer starts to happen, the preferences of younger folks are going to matter more,” he said.
“And I think they’re much more familiar with, you know, platforms like the one that we have at Galaxy One, where it’s kind of an app first, you know, multiple kind of products in one place, really intuitive user interface.”
Cash Yield Product
Prince also discussed Galaxy One’s recently launched cash yield product, which offers up to 8% annual yield for accredited investors, claiming that it differs from the high-risk crypto lending products that collapsed during the 2022 market downturn.
“The institutional crypto lending market is undersupplied with cash relative to traditional markets, and as a result, the cost of borrowing is higher,” he said.
Prince said the product is backed by Galaxy Digital’s balance sheet, giving it a risk profile closer to corporate debt.
“You have the protection of a guarantee from Galaxy behind the product, essentially making the risk profile something more like corporate debt,” he said.
He added that the product is capped at $250 million to manage risk.
“We couldn’t generate 8% in the crypto lending market on $10 billion of cash,” Prince said.
“There is a little bit of a ‘while supplies last’ component to this vehicle.”
Bitcoin Far From All-Time High
Bitcoin’s recent price action has been mixed, according to CCN analyst Victor Olanrewaju on Monday, following a breakout from a key technical formation on the daily chart.
“Bitcoin’s price recently broke above the upper trendline of a symmetrical triangle on the daily chart,” Olanrewaju said, marking “a clear shift from the technical setup of last week.”
The breakout was accompanied by a move above a major resistance level.
“Following this move, the price breached a key resistance level at $91,483,” he said, noting that the rally occurred alongside rising buying pressure.
If the current momentum persists, he said Bitcoin could continue higher in the near term.
“…Bitcoin could soon rally toward $98,139,” he said, adding that “in a highly bullish crypto market, the price might even target $103,518.”
However, Olanrewaju cautioned that the breakout must hold to avoid a pullback.
“Failure to sustain this breakout could lead to a reversal,” he said. “In that bearish scenario, Bitcoin might slide back below the $85,000 support zone.”
At the time of reporting, Bitcoin wasa currently trading at around $91,905, up over 4% in the last week, but down almost 2% in the past 24 hours.
Bitcoin is currently almost 30% under its all-time high of $126,198, which it reached in October 2025.
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