Grayscale recently released its Crypto Market Outlook 2026 report, stating that the demand for long-term store of value, along with an increasingly clear regulatory framework, will be the two core drivers of the next growth cycle in the cryptocurrency market. According to Grayscale Research, persistent macroeconomic pressures such as continuously rising government debt, uncontrollable budget deficits, and concerns about the devaluation of fiat currency are leading more and more investors to seek alternative asset classes, with Bitcoin and cryptocurrencies emerging as a global store of value.
The report emphasizes that the current economic landscape shares many similarities with the periods preceding past bull cycles, but this time the driving force stems not only from liquidation but also from a shift in the perspective of financial institutions and regulators. Grayscale argues that the need for a “store of value” is no longer solely a concern for individual investors but has spread to investment funds, large corporations, and even some public sector organizations, as confidence in traditional currencies erodes over time.
Join BingX today to receive a range of offers and experience top-tier security standards.
From a legal standpoint, Grayscale predicts that the US Cryptocurrency Market Structure Act will make significant progress in early 2026. After being delayed in 2025 due to political Chia and temporary US government shutdowns, the bill is regaining momentum with increasingly clear bipartisan support. US lawmakers are now believed to share the view that a transparent, consistent federal legal framework for digital assets is necessary to both protect investors and keep the US from falling behind in the global fintech competition.
Based on the above factors, Grayscale believes that 2026 will see a significant increase in valuations across the cryptocurrency market, even marking the end of the "four-year cycle" Capital mentioned in the crypto community. According to their assessment, the market is entering a more mature phase, where fundamental factors such as policy, legal frameworks, and the Vai of long-term store of value have a greater impact than in previous short-term speculative cycles.
