Overview
- Grayscale’s 2026 outlook anticipates Bitcoin could set a fresh record in the first half of next year, anchored to macro demand and regulatory progress.
- The firm highlights ten themes for investors, including broader stablecoin use, an inflection point for asset tokenization, growth in DeFi lending, staking accessibility, and emerging blockchain–AI applications.
- It argues the traditional four‑year halving cycle is giving way to steadier capital inflows and deeper integration with traditional financial markets.
- Grayscale says quantum computing risks and digital‑asset treasuries are unlikely to materially influence crypto markets in 2026.
- Current market signals are mixed, with total crypto capitalization slipping below $3 trillion and selling concentrated in ETF‑exposed large caps, while on‑chain data show capital tilting toward BTC even as its dominance declined in the second half of 2025.