## 2026 Cryptocurrency: Divergence Between Optimism and Concern

As we enter 2026, the question "Will the crypto winter come?" is on many traders' minds. But according to top experts, the answer isn't necessarily "yes"—instead, we are facing a more complex picture.

### Expert Opinions (Forecasts) From Experts

Contrary to gloomy predictions, Zach Pandl of Grayscale believes that **Bitcoin** will not enter a bear market. Instead, he expects Bitcoin to continue its strong upward trend, with the potential to reach new all-time highs in the first half of the year. Currently, Bitcoin has reached nearly $126K, but has since corrected to around $96.91K.

However, not all experts are as optimistic. Greg Magadini, derivatives director at Amberdata, offers a different perspective. He forecasts 2026 will be a "two-sided year"—initially not very pleasant, but significantly improving by the end of the year.

### Magadini's "Data Wave" Scenario

Magadini predicts Bitcoin could dip below $67K in the first quarter, before rebounding strongly to $150K-$200K. This volatility, he says, stems from macroeconomic pressures—specifically, expected credit tightening in the first three months. As central banks respond to these challenges, the market is expected to recover.

**Ethereum** will also experience similar fluctuations, but with less stability than Bitcoin. Magadini believes most positive factors for crypto are already priced in, and any recovery will mainly depend on macroeconomic sentiment.

### Legal Factor: The Key to Altcoins

Pandl views the issue from a different angle. He believes the sustainability of the crypto bull trend will depend on two main factors: demand for alternative store-of-value assets, and the legal process supporting crypto integration into the mainstream economy.

With its unique position as a store of value, **Bitcoin** is forecasted by Pandl to have a relatively strong 2026, regardless of legal disruptions. However, altcoins and Ethereum are very sensitive to legal developments.

The decisive point is the proposed cryptocurrency market structure bill in the United States. If passed, altcoins will have the opportunity to develop; if not, the industry will face a more challenging year than Bitcoin.

### Conclusion: Not a Winter, But Not a Summer Either

The general consensus among analysts is: 2026 will **not be a recessionary period** for crypto, but not all assets will grow equally. Bitcoin is expected to lead, while altcoins will heavily depend on political and legal developments in the coming year.