Bitcoin could return to a strong upward trend despite recent outperformance from gold and technology stocks, as global liquidity conditions are expected to shift, according to market commentary from industry voices. The outlook suggests that Bitcoin’s long-term trajectory remains closely tied to monetary expansion, rather than short-term competition with traditional assets.
Hayes said in a post on Wednesday. “Obviously, I believe it will in 2026,” Hayes said.
Market expectations point toward a renewed expansion of US dollar liquidity in 2026, which has historically supported higher Bitcoin valuations. Factors contributing to this outlook include potential balance sheet expansion by the US central bank, easing mortgage rates, and greater lending by commercial banks to government-backed sectors. When liquidity increases, investors often rotate toward risk-on assets, including cryptocurrencies.
Bitcoin underperformed in 2025 as liquidity tightened, while gold surged and technology stocks benefited from heavy government-backed investment in artificial intelligence. The technology sector emerged as the top performer in major equity indexes, even as Bitcoin recorded a yearly decline. Gold, meanwhile, attracted capital as a hedge during uncertain monetary conditions.
Bitcoin is increasingly viewed as monetary technology, deriving value from currency debasement and inflationary pressures. While liquidity contraction weighed on crypto markets last year, expectations of future easing support the view that Bitcoin could reclaim momentum and push toward new highs once financial conditions turn more accommodative.
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This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.