Macro Pressure Fuels 2026 Crypto Bull Run Prediction

Grayscale's head of research Zach Pandl believes macroeconomic pressure will drive the crypto market in 2026, citing increasing government debt and concerns over fiat currency debasement.

Pandl pointed to these imbalances as a reason for the demand in Bitcoin, which remains the largest asset in the market. He added that these conditions are unlikely to fade in the near term, suggesting portfolio shifts will continue into next year.

The firm released its 2026 digital asset outlook highlighting these trends and expects bipartisan progress on a U.S. crypto market structure bill in early 2026 following delays caused by political gridlock and a government shutdown.