Overview
- Grayscale’s 2026 Digital Asset Outlook frames the year as the “Dawn of the Institutional Era,” driven by structural shifts toward steady professional capital.
- Grayscale projects Bitcoin will likely set a new all‑time high in the first half of 2026 and notes the 20 millionth coin is expected to be mined in March 2026.
- Bitwise CIO Matt Hougan argues the four‑year cycle is breaking down, with expectations for lower volatility, weaker equity correlations, and renewed institutional inflows.
- Both managers highlight macro hedging demand tied to dollar debasement and expect U.S. market‑structure legislation in 2026 to broaden regulated participation.
- Grayscale downplays quantum‑computing threats and corporate digital‑asset treasuries as 2026 drivers, while cautioning that many institutions are still completing internal reviews as markets trade below October highs.