Alex Thorn of Galaxy Digital defends the "digital gold" thesis for Bitcoin by revisiting a 2010 forum post from Satoshi Nakamoto. Thorn argues that the core of the thesis lies not in Bitcoin's short-term price correlation with gold, but in Bitcoin's scarcity and its unique "magical" capability for global instant transfers, as described by Satoshi. He believes the gap between these characteristics and Bitcoin's current market valuation relative to gold represents the investment opportunity.