What will happen to the crypto market in 2026? Bitwise's latest forecast report highlights several possible directions of change.

**Bitcoin Cycle Is Changing**
The once-regular four-year halving pattern may no longer be the dominant force. With the influx of ETFs and institutional funds, the market structure itself is evolving. Some believe Bitcoin's volatility could narrow to levels close to Nvidia's—meaning cryptocurrencies are transforming from high-risk speculative assets into mature investment targets.

**Institutional Buying Is Expanding**
Data shows that net inflows into ETFs may surpass the annual new supply of mainstream coins like Bitcoin and Ethereum. This is not just about retail participation; even Ivy League university endowment funds are entering the crypto space, indicating a fundamental shift in institutional attitudes. Solana has also gained significant attention in this wave.

**Financial Product Ecosystem Is Booming**
The number of crypto ETF products in the US is expected to surpass 100, and the scale of on-chain financial services is doubling. If the US CLARITY Act is finally passed, platform tokens like Ethereum could reach new heights.

**Geopolitical Factors Are Emerging**
The use of stablecoins is expanding into cross-border payments and emerging markets, sparking discussions about the traditional monetary system. Native crypto applications like Polymarket are continuously breaking trading records, demonstrating blockchain's penetration into real-world scenarios.

**But Uncertainties Remain**
Regulatory environments, the sustainability of institutional funds, and sudden black swan events—all these factors could influence the realization of these forecasts. Can Bitcoin truly detach from its correlation with US stocks? How will the crypto world evolve in 2026?

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