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Grayscale Dismisses Bitcoin 4-Year Cycle, Predicts New Highs in 2026
Despite Bitcoin's price drop to $86,000 and major market liquidations, Grayscale remains optimistic about BTC reaching new all-time highs by 2026. They argue that the four-year cycles are outdated and irrelevant.
Grayscale Dismisses Four-Year Cycle Theory
- Grayscale's report on Dec. 1 suggests that Bitcoin will not follow the traditional four-year cycle.
- The report claims the cycle hasn't shown a parabolic surge typically leading to corrections.
- Institutional capital, mainly through Bitcoin ETFs, is now the main driver of BTC.
- Supportive macro factors include potential Fed rate cuts and crypto legislation momentum.
- Bitcoin Treasury firms like [Strategy](https://www.coinspeaker.com/saylor-bitcoin-strategy-mstr-1-44b-usd-reserve/) play a significant role.
Tom Lee from BitMine agrees with Grayscale, noting a gap between market fundamentals and asset prices.
Bitcoin's Current Market Situation
- Bitcoin failed to maintain above $90,000, dropping to $86,000.
- Market analyst Ted Pillows states Bitcoin is trading in a neutral zone.
- Pillows notes that BTC needs to reclaim the $88,000 level to regain bullish momentum; otherwise, it risks falling below $80,000.