Franklin Templeton exec sees BTC hitting new ATH this year, flags US midterms as risk

Tony Pecore, a director at global asset management firm Franklin Templeton, has predicted that Bitcoin will reach a new all-time high in 2026, U.Today reported. He stated that this year is expected to be very positive for Bitcoin amid continued institutional buying. Pecore noted that institutional demand for the cryptocurrency has not slowed despite its drop from $126,000 to $60,000, adding that these investors are preparing for a significant step forward. However, he identified the U.S. midterm elections later this year as the biggest potential obstacle, explaining that political uncertainty and the possibility of a restructuring of regulatory agencies could temporarily dampen institutional investor sentiment in the fourth quarter.