Grayscale Predicts Bitcoin to Hit New High by Mid-2026

Grayscale's recent outlook suggests Bitcoin could reach a new all-time high by the first half of 2026, driven by increased demand for alternative investments and clearer US regulations.

The report highlights two main factors: growing demand for store-of-value assets and improved regulatory clarity in the US.
Spot-Bitcoin ETPs entered the market in 2024, and the GENIUS Act was passed in 2025, reducing investment barriers.

Macro Risks and Crypto Demand

Rising public debt and concerns over fiat currency stability are increasing interest in Bitcoin and Ether.
Grayscale predicts stablecoin usage to expand in cross-border payments, collateral on derivatives, and corporate balance sheets.

Asset Tokenization and DeFi Growth

Asset tokenization is expected to reach an inflection point, with growth in lending protocols and staking activities.
Stablecoins are anticipated to integrate more into payment systems, with increased institutional access to staking and tokenized assets.
Quantum computing risks and digital asset treasuries are not expected to impact valuations significantly by 2026.

Onchain data from Glassnode indicates that while Bitcoin has outperformed most crypto sectors over the past three months, there is cautious capital concentration in BTC. Ethereum rotations have impacted BTC's dominance, showing funds prefer holding but are wary of making large new investments.