Grayscale predicts new Bitcoin all-time high in 2026

Grayscale has suggested that the traditional four-year cycle that has historically dominated the cryptocurrency market is over, proposing a new five-year cycle that would see Bitcoin reach a new all-time high in 2026. The asset manager explained that the market has become more structured and mature due to mainstream capital inflows from ETFs and corporate treasury strategies. Grayscale also argued that an immediate, long-term bear market is unlikely, as the recent rally did not exhibit the same parabolic surge seen in previous cycles. In contrast, British investment bank Barclays has predicted a bear market for 2026, citing a significant decrease in spot trading volume and weakening investment demand.