Grayscale: Demand for value storage and clear regulations will drive the crypto bull market, and Bitcoin may reach a new high in the first half of next year

The Grayscale Research Department released the 2026 Cryptocurrency Market Outlook report, stating that the demand for value storage and clearer regulations are driving the next bull market for cryptocurrencies in 2026. Soaring government debt, ongoing fiscal deficits, and concerns over the devaluation of fiat currencies are prompting investors to look beyond traditional assets.

On the other hand, Grayscale expects that after delays caused by political gridlock and government shutdowns, the U.S. cryptocurrency market structure bill will gain bipartisan support and make progress in early 2026. Although the bill failed to pass in 2025, momentum has now returned, and bipartisan lawmakers are showing interest in establishing clearer federal rules for digital assets.

Therefore, Grayscale anticipates that valuations will rise in 2026, and the so-called "four-year cycle" will come to an end. Bitcoin prices are likely to hit an all-time high in the first half of this year.

According to previous news from ChainCatcher, Grayscale: Privacy coins dominate the best-performing tokens in Q4 of this year.