David Sacks Predicts Banks Will Fully Enter Crypto Industry
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Source: Benzinga
- Industry Integration Trend: David Sacks predicts that banks will fully engage in the crypto industry, paving the way for a unified digital assets sector, indicating that the separation between banking and crypto may soon dissolve, which could impact market structure and investor confidence.
- Legislative Stalemate: Legislation on stablecoin market structures is stalled over whether third-party platforms can offer rewards programs, with banks arguing these programs bypass yield restrictions while crypto firms defend them as essential revenue features, highlighting conflicts of interest within the industry.
- Need for Compromise: Sacks emphasizes the necessity for both parties to reach a compromise to ensure the passage of a market structure bill, expressing support for a solution that can bring the bill to the president's desk, reflecting the complexity and urgency of the legislative process.
- Future Outlook: Sacks' prediction aligns with other industry leaders, as the president of Ripple forecasts that by 2026, half of the Fortune 500 companies will have formal crypto strategies, with stablecoins becoming the standard for global payments, indicating a promising future for the industry.
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Analyst Views on GLXY
Wall Street analysts forecast GLXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLXY is 45.89 USD with a low forecast of 26.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 29.960
Low
26.00
Averages
45.89
High
60.00
Current: 29.960
Low
26.00
Averages
45.89
High
60.00
About GLXY
Galaxy Digital Inc. is engaged in the business of digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence (AI). The Company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it develops and operates data center infrastructure to power AI and high-performance computing workloads. The Company's segments include Digital Assets, Data Centers, and Treasury and Corporate. Its Digital Assets operating business segment provides new products and capabilities such as staking, margin-based financing and active exchange-traded funds. The Data Centers segment comprises the Helios infrastructure assets. Its Data Centers segment develops and operates High Performance Computing (HPC) infrastructure to meet the growing demand for large-scale, power-ready facilities in the AI/HPC industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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