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Bitcoin may be entering a macroeconomic window similar to the early stages of the COVID-19 pandemic—one that previously sparked extraordinary monetary expansion and record-setting market performance. According to Bitwise researcher André Dragosch, the current global backdrop points to accelerating economic growth through 2026, creating a foundation that could significantly benefit Bitcoin’s valuation.Dragosch told BlockBeats that the scale of pandemic-era monetary stimulus provides a roadmap for what may come next. With global liquidity cycles turning upward and governments preparing for another period of expansionary fiscal support, Bitcoin’s current price does not yet reflect these macro tailwinds.Bitcoin lags behind macro expectationsDragosch argues that Bitcoin’s valuation is disconnected from the improving macro outlook. Historically, Bitcoin has responded strongly to sustained liquidity expansion, declining real yields and pro-growth monetary conditions. These same ingredients appear to be forming again as markets price in looser financial conditions in 2026.If these trends hold, Dragosch believes Bitcoin has “significant upside potential” relative to its present market level.Growth momentum could extend into 2026Global economic indicators suggest that the recovery momentum seen in late 2024 and 2025 could accelerate further. Dragosch notes that strong liquidity cycles often support risk assets, including Bitcoin, with a lag. As governments prepare additional fiscal support and the Federal Reserve moves closer to easing policy, conditions are aligning for a renewed expansion phase.This parallels the environment of 2020–2021, when Bitcoin surged to new all-time highs amid unprecedented monetary stimulus.The takeawayIf global liquidity expands at the pace Dragosch expects, Bitcoin may currently be undervalued relative to the macroeconomic cycle. With growth momentum forecast to continue into 2026, the cryptocurrency could be positioned for another major leg higher.

In most conversations about blockchain, the word scalability is often synonymous with speed. More transactions per second, less confirmation time, high throughput. But perhaps this view is misguided. And maybe that's exactly what Polygon has understood better than any other Layer 2 project.
What makes a network durable is not how fast it runs, but how much it can endure. It's not the speed of the block, it's the constancy of the step. It's not the peak, it's the rhythm. Polygon began to move away from the cliché of 'scalable infrastructure' and entered a deeper territory: that of institutional building.