PANews reported on December 23 that K33 Research's "2025 Year-End Review" report indicates that 2025 will be a year of significant disconnect between cryptocurrencyPANews reported on December 23 that K33 Research's "2025 Year-End Review" report indicates that 2025 will be a year of significant disconnect between cryptocurrency

K33 Research: Bullish on 2026, predicts Bitcoin will outperform stock indices and gold.

2025/12/23 18:29

PANews reported on December 23 that K33 Research's "2025 Year-End Review" report indicates that 2025 will be a year of significant disconnect between cryptocurrency fundamentals and price performance. Despite the establishment of a strategic Bitcoin reserve in the US, the Trump administration's executive order promoting the inclusion of digital assets in 401(k) applications, and a regulatory shift due to leadership changes at the SEC, Bitcoin underperformed mainstream assets such as US stocks and gold, despite record low volatility, due to large-scale profit-taking by early holders (OGs) and adjustments in market structure.

K33 Research holds a constructive bullish view on 2026, predicting that Bitcoin will outperform stock indices and gold, believing that the benefits of regulatory victories will outweigh the impact of capital allocation. On the macro level, it anticipates that Trump will appoint a dovish Federal Reserve Chairman, replacing tightening with expansionary policies; this "ample" environment will benefit scarce assets like Bitcoin. On the regulatory front, the Clarity Act is expected to pass in the first quarter of 2026, and broader crypto legislation is also expected to be signed at the beginning of the year. The institutional market is poised for explosive growth: Morgan Stanley plans to allow advisors to allocate 0-4% of their portfolios to Bitcoin ETFs for clients starting January 1, 2026, and E*Trade's retail crypto trading is expected to launch in the first half of 2026. In terms of specific data forecasts, ETF net inflows are expected to exceed those of 2025 in 2026. Regarding corporate finance, MicroStrategy is not expected to sell Bitcoin (despite potentially being removed from the MSCI index), and the total net absorption of Bitcoin by corporate finance across the industry is projected to be 150,000 BTC, a decrease of 330,000 BTC year-on-year. On the supply side, the decline in Bitcoin supply held for more than two years is predicted to end, rebounding to over 12.16 million BTC by the end of the year, with early selling pressure subsiding and turning into net buying demand. Furthermore, with the opening of 401(k) plans, the market will see significant potential buying based on different allocation weights ranging from 1% to 5%.

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