Grayscale expects crypto market to see bull run in 2026 due to macroeconomic pressure and regulation

Grayscale research director Zach Pandl said that macroeconomic pressure is the main factor driving the bull run in the crypto market. Rising government debt, fiscal deficits and the risk of fiat currency devaluation have prompted investors to look for alternative stores of value.
Pandl does not expect these macro imbalances to disappear anytime soon, with portfolio shifts continuing into 2026. Grayscale has released its digital asset outlook for 2026, anticipating more regulatory clarity by then.
Grayscale expects bipartisan progress on the U.S. Crypto Market Structure Act of 2026. Although the 2025 legislation failed to pass, lawmakers have shown interest in establishing clearer federal rules for digital assets.