South Korea’s Korbit Analysis Heart tasks Bitcoin to commerce between $140,000 and $170,000 in 2026, citing US fiscal coverage reforms and structural institutional demand as major catalysts.
In its fourth annual market outlook, Korbit’s analysis staff outlined a macro-driven thesis diverging from the standard four-year halving cycle narrative. The report argues that Bitcoin’s worth trajectory will likely be formed much less by supply-side mechanics and extra by productivity-led US progress beneath what it phrases “stronger Reaganomics.”
Sponsored
Sponsored
Triple-Axis Rebalancing Places Bitcoin in Sovereign-Asset Class
The forecast highlights three predominant drivers reshaping asset allocation. Robust US greenback forecasts, attainable gold worth corrections, and Bitcoin’s rising institutional presence by means of ETFs and Digital Asset Treasuries essentially alter how buyers see digital belongings. As of November 2025, ETFs and DATs collectively maintain about 11.7% of Bitcoin’s complete provide.
Central to the forecast is the One Huge Stunning Invoice (OB3), enacted in July 2025. The invoice completely restores 100% bonus depreciation and instant R&D expensing. Korbit estimates these provisions will cut back efficient company tax charges to 10-12%, triggering a capital expenditure growth and attracting overseas direct funding. This coverage combine, the report contends, will maintain greenback energy, opposite to Wall Road’s consensus that expects depreciation.
In a strong-dollar, disinflationary atmosphere, gold might underperform as a yield-free asset. On the similar time, Bitcoin consolidates its place alongside the greenback as a sovereign-grade retailer of worth, probably resulting in gold corrections—at the same time as some analysts venture gold at $4,000 per ounce, down 5% from present ranges.
This modification is difficult older portfolio fashions. Bitcoin now operates extra like a sovereign-level retailer of worth, standing toe-to-toe with gold and the greenback in institutional allocations.
The same old four-year Bitcoin cycle is turning into much less related. Excessive charges, shrinking liquidity, and slower market rallies have modified the panorama. Relatively than a pointy rally by the top of 2025, specialists now see worth consolidation within the $100,000–$120,000 vary, with a attainable second peak in 2026 if liquidity returns.
Institutional adoption continues to rise, regardless of macro headwinds. Bitcoin ETFs are seeing sturdy inflows since approval, and extra corporations are including substantial Digital Asset Treasury holdings. This gives stronger worth help and fewer volatility than in earlier cycles.
Sponsored
Sponsored
GENIUS Act Compliance Spurs Layer 1 Blockchain Rivalry
The GENIUS Act, signed in July 2025, delivers clear federal guidelines for cost stablecoins. White Home documentation confirms the regulation requires 100% reserves in money or short-term Treasuries from issuers. Regulatory certainty is prompting US banks and establishments to undertake stablecoins swiftly.
This compliance additionally brings technical calls for. Establishments want blockchains with immediate finality and privateness options to effectively meet KYC and AML necessities. Ethereum’s 12-second finality and full transaction transparency deter institutional customers requiring privateness and immediate settlement. New Layer 1 networks, together with Arc, Tempo, and Plasma, are rising with selective privateness options and sub-second finality designed for regulatory compliance.
In the meantime, Solana is making features in retail use and can introduce Firedancer in early 2026. This improve goals for a lot faster settlements and better throughput, which may assist Solana win extra institutional stablecoin enterprise.
Perpetual DEXs Dominate: Tokenization Pushes DeFi Ahead
Decentralized exchanges now account for 7.6% of complete cryptocurrency quantity as of mid-2025 and will attain 15% by the top of 2026. Perpetual derivatives DEXs are on the forefront, incomes many of the prime DeFi protocol revenues. OAK Analysis knowledge reveals Hyperliquid held 73% of perpetual DEX market share by June 2025.
Hyperliquid’s dominance comes from environment friendly commerce matching, quick adoption, and inventive tokenomics. HYPE token buyback mannequin spurs ongoing demand, and merchants can create markets for any asset. Opponents are increasing into real-world belongings, FX, commodities, and US equities.
The tokenization of real-world belongings has reached $35.6 billion as of November 2025. Development is led by non-public credit score and US Treasury tokenization. The report expects fintech and web3 companies to drive additional adoption, as conventional finance faces hurdles with legacy processes and compatibility points.
Tremendous-app competitors can be heating up. Robinhood integrates shares, crypto, perpetuals, and real-world belongings in a single platform. Coinbase, utilizing CFTC licenses, goals to be the go-to for all on-chain belongings and is awaiting regulatory approval for tokenized securities.
Prediction markets are set to learn as nicely. Platforms like Polymarket, Kalshi, and Opinion have seen rising volumes and elevated regulatory consideration. With CFTC approval within the US, these venues are shifting nearer to the mainstream.
