Predictions about Bitcoin potentially setting a new price record have been attracting significant attention from the cryptocurrency investment community. However, it's important to note that this is just the opinion of one company in the industry...
In its recently published 2026 outlook report, Grayscale predicts that the price of Bitcoin is likely to reach an All-Time-High in the first half of 2026.
THE DRIVING FORCES BEHIND BITCOIN'S EXPECTATION TO SURPASS $124,752
Therefore, according to Grayscale's forecast, Bitcoin is likely to surpass its all-time high of $124,752 at 7:00 AM on October 7, 2025 (Vietnam time).
According to this asset management company, the two main drivers behind the forecast are the increasing inflow of capital from institutional investors and the clearer and more open US regulatory framework towards digital assets.
Grayscale analysts believe the cryptocurrency market is entering a new recovery phase. Increased demand, particularly from long-term investors, could be a key driver in helping Bitcoin surpass its previous record price levels.
Notably, Grayscale suggests that the upcoming period could also mark the end of the long-held notion of Bitcoin's "four-year cycle"—the hypothesis that the cryptocurrency market operates in recurring four-year cycles.
“We expect Bitcoin’s valuation to rise in 2026, closing a four-year cycle. In our assessment, Bitcoin could very well set a new all-time high in the first half of 2026,” the report stated.
From a macroeconomic perspective, Grayscale suggests that, given the significant depreciation pressure on several fiat currencies due to rising public debt and persistent inflation, Bitcoin and Ether will continue to be seen as alternatives in asset preservation strategies. "The demand for allocating assets to Bitcoin and Ether in investment portfolios is likely to continue to increase," Grayscale predicts.
Assessing the legal environment, Grayscale notes that the US approach to the cryptocurrency market has undergone significant changes in recent years. Many lawsuits related to cryptocurrency businesses have been withdrawn. In 2024, the US Securities and Exchange Commission (SEC) officially allowed spot Bitcoin ETFs to operate. In 2025, the US Congress further passed the GENIUS Act concerning stablecoins.
"Regulators are adjusting their approach, shifting from a confrontational to a collaborative one with the industry, in order to provide clearer guidance while still ensuring consumer protection and financial stability," Grayscale said.
Looking ahead to 2026, Grayscale expects the US Congress to continue passing legislation on the structure of the cryptocurrency market with bipartisan support. According to the company's assessment, this would be a crucial step in strengthening the position of blockchain-based finance in the US Capital market, while also laying the groundwork for continued strong institutional Capital flows into the digital asset sector.
Predictions about Bitcoin potentially setting a new price record have been attracting significant attention from the cryptocurrency investment community. However, it's important to note that this is just the opinion of one company in the industry.
BUT BITCOIN'S EXPECTED PRICE OF $200,000 IN 2025 HAS ALMOST "GOITER".
Many experts predicted that Bitcoin would reach $200,000 in 2025, but that goal remains a long way off.
Geoffrey Kendrick, Head of Global Digital Asset Research at Standard Chartered Bank, once set a Bitcoin price target of $200,000 by the end of 2025, while also forecasting a long-term figure of $500,000 by 2028. Many other prominent figures in the industry, such as Arthur Hayes, co-founder of BitMEX, and Tom Lee, Chairman of BitMine, also held the view that Bitcoin would reach $200,000 as early as 2025.
Meanwhile, "investment wizard" Peter Brandt, highly regarded for his disciplined trading mindset, perseverance, and psychological control, offers a more cautious view of Bitcoin. In November of this year, he predicted that Bitcoin would not reach $200,000 before the third quarter of 2029.
This prediction sparked considerable debate at the time, as it contradicted the optimistic views of many influential figures in the cryptocurrency field.
However, with less than two weeks left in the year, Bitcoin is still struggling to return to the $100,000 price range. The scenario of Bitcoin reaching $200,000 this year, once believed by many reputable experts, has clearly become unrealistic.
