Grayscale’s outlook for 2026 suggests Bitcoin could surpass its previous all-time high in the first half of the year. It’s not a precise date, but it clearly signals their expectation. Their reasoning centers on a weakening US dollar, potential rate cuts, and clearer regulatory frameworks in the United States.
One notable point they highlight is supply timing: the 20 millionth Bitcoin is projected to be mined in March 2026. That milestone acts like a fixed marker on the long-term supply curve. Grayscale also anticipates continued growth in ETF-style products. Because ETFs trade like stocks, gradual institutional accumulation could make price movements steadier—though still meaningful.
Of course, projections can change. Regulatory progress may slow, interest-rate policy could reverse, and macro conditions can shift. Key indicators to watch include spot ETF inflows, dollar strength, and the March 2026 supply milestone. This is analysis, not financial advice.
