Jurrien Timmer, Global Macro Research Director at Fidelity Investments, has suggested that Bitcoin may enter a prolonged correction phase following its recent record highs earlier this year. He predicts that by 2026, Bitcoin’s price could decline to around $65,000, although he remains optimistic about its long-term prospects. According to Timmer, Bitcoin reached approximately $125,000 on October 6, marking the peak of the current four-year halving cycle—a period during which Bitcoin mining rewards are halved, historically causing significant price volatility. He indicated that a new phase might be beginning, potentially leading to a price decline and a “Bitcoin winter” lasting about a year. This forecast emerges while Bitcoin trades near $88,000 amid market volatility and heightened risk. Some analysts disagree, anticipating that Bitcoin could set new records in 2026, especially with increased Wall Street involvement, ETF development, and regulatory improvements. Regulatory experts agree that 2026 will be pivotal for cryptocurrencies, particularly with anticipated stability in U.S. regulations, potentially enhancing crypto’s integration into the financial system and payment networks, thus attracting more institutional investment. Meanwhile, experienced investors are exercising caution, favoring other cryptocurrencies like Ether for short-term gains. However, Fidelity’s expert emphasizes that this does not diminish Bitcoin’s long-term significance but should be viewed as part of its natural cyclical evolution. If historical trends hold, Bitcoin is expected to undergo a period of price stabilization in 2026, paving the way for future growth.
Source: binance
