Jurrien Timmer, who serves as the Global Macro Director at Fidelity Investments, has forecasted that 2026 will likely be a subdued year for Bitcoin, the world’s foremost cryptocurrency by market capitalization.
Currently, Bitcoin is trading around $86,207 and is facing challenges in breaking back above the $90,000 threshold.
“While Gold Surged, Bitcoin Faltered”
According to U.Today’s coverage, Timmer had earlier anticipated that Bitcoin would outperform gold during the latter half of this year.
Contrary to his expectations, gold experienced a significant rally while Bitcoin declined over that same period.
Timmer does not foresee an immediate reversal in this trend; he expects these dynamics to persist for some time going forward.
Has Bitcoin Reached Its Summit?
Timmer suggests that the peak price of $125,000 achieved by Bitcoin in October 2025 might represent the highest point of its current cycle.
He notes that reaching this milestone after approximately “145 months of upward movement” aligns well with historical patterns. According to his analysis, this signals an official end to the recent bull run.
The expert anticipates a correction where Bitcoin could decline from its peak and find potential support between $65,000 and $75,000 levels.
Despite these short-term concerns for 2026, Timmer remains optimistic about Bitcoin’s long-term prospects and continues to hold a bullish stance overall.
Diverse Views on Cryptocurrency Outlook
Diverging from Timmer's cautious approach at Fidelity Investments, Bitwise expresses confidence against any major crypto downturn next year. Their recently published “Year Ahead” report argues that ETFs along with growing institutional involvement have disrupted traditional boom-and-bust cycles. Bitwise believes BTC can achieve new all-time highs in 2026.
Meanwhile, Standard Chartered and Bernstein maintain positive outlooks but have tempered their forecasts following October 2025's market peak.
Additionally, investment firm VanEck has opted not to provide specific predictions for cryptocurrency performance throughout 2026 as reported by U.Today.