Bitcoin Set for New All-Time High in H1 2026 as Grayscale Predicts Crypto Bull Run Fueled by Store-of-Value Demand and Regulatory Clarity

Grayscale’s research department released the 2026 Cryptocurrency Market Outlook, citing heightened demand for store of value assets and clearer regulation as key drivers of a forthcoming bull cycle in 2026.

Macro headwinds, including escalating government debt and persistent deficits, are pushing investors to diversify beyond fiat currency, framing cryptocurrency as a hedge against devaluation and a growth proxy for longer-term portfolios.

Grayscale notes that after political gridlock and related delays, the U.S. cryptocurrency market structure bill may gain bipartisan support and advance in early 2026, as lawmakers seek clearer federal rules for digital assets.

The firm also projects valuations climbing in 2026 and sees the traditional four-year cycle concluding, with Bitcoin eyeing a potential all-time high in the year’s first half.