Grayscale: Bitcoin Might Reach a New All-Time High by 2026!
According to Grayscale Research Head Zach Pandl, a more supportive regulatory environment will empower the cryptocurrency sector. On the other hand, the weakening of fiat currencies will also create additional demand. When these two main dynamics combine, Bitcoin's price could go to a new all-time high (ATH).
Market Structure Bill: Will Accelerate Token Issuance
Since 2008, the cryptocurrency sector has undergone significant changes; particularly in the last year, notable progress has been made.
Approval of cryptocurrency exchange-traded funds (ETFs) and milestones like the GENIUS Act are reducing the gap between digital assets and traditional finance. However, there is still a significant road ahead.
According to Pandl, the next critical step will be to introduce a bipartisan market structure bill. Although the government shutdown in 2025 and political disputes may slow the process, Pandl expects the legislative process to be approved in the Senate at the beginning of the year.
Pandl said in an interview with CNBC, 'It seems like we are making progress in January or the first quarter. Even if it’s not completed immediately… bipartisan progress is really key.'
In Grayscale's 2026 digital asset report, it is expected that Bitcoin's price will reach a new ATH in the first half of the year. According to Pandl, many factors will shape this picture.
Pandl told CNBC: 'I think [2026] will be a year where the dollar weakens, the Federal Reserve will have interest rate cuts, and Bitcoin, Ether, along with gold and silver, will be strong as a digital store of value. We will all benefit from the current macroeconomic backdrop.'
