Grayscale: Bitcoin is expected to reach new highs in the first half of 2026

Odaily Planet Daily News reports that in its 2026 Outlook Report released on Monday, Grayscale predicts that in the first half of 2026, driven by increased global macro-level demand for alternative value storage and improved regulatory clarity in the United States, Bitcoin prices will reach new highs. Grayscale believes this will mark the end of the so-called “four-year cycle” theory. The firm pointed out that due to increased public sector debt and its potential impact on inflation, fiat currency faces an increasing risk of devaluation, which could continue to drive investment demand for Bitcoin and Ether in portfolios. Grayscale forecasts that by 2026, the U.S. Congress will pass bipartisan legislation on the crypto market structure, which will solidify blockchain-based finance in the U.S. capital markets and promote continued institutional investment inflows. The report also highlights stablecoin market growth, a turning point in asset tokenization, and significant growth in DeFi led by lending markets as the main investment themes for 2026.