📘 Grayscale’s 2026 Outlook: From Hype Cycles to Market Structure
Grayscale is framing 2026 as a potential structural inflection point for Bitcoin.
In their outlook, they suggest:
$BTC could reach new all-time highs in the first half of 2026
The 20 millionth Bitcoin is expected to be mined around March 2026, marking a symbolic supply milestone
What stands out is the shift in narrative.
Rather than focusing on the traditional “4-year cycle,” Grayscale emphasizes:
Continued infrastructure development
Increasing regulatory clarity
Deeper integration with traditional finance
🧠 The implication is clear: market behavior may be evolving from speculative cycle-driven moves toward a more institutionally anchored structure.
📌 The open question remains:
Are we truly entering an “institutional era,” or is this simply a new framework applied to familiar boom-and-bust dynamics?
