Grayscale: Demand, regulatory clarity to drive 2026 crypto rally

Demand for stores of value and a clearer regulatory environment are expected to drive a cryptocurrency bull market next year, according to Zach Pandl, head of research at U.S. digital asset manager Grayscale. In an appearance on CNBC, Pandl stated that macroeconomic factors remain the most powerful investment driver, Cointelegraph reports. He explained that concerns over rising government debt, persistent fiscal deficits, and the devaluation of fiat currencies are pushing investors to seek alternatives to traditional assets. Pandl noted that this environment is fueling demand for Bitcoin, which is increasingly seen as a store of value. He added that while there is still progress to be made, the regulatory environment for crypto-related businesses has improved significantly, which could also positively impact the market.