Grayscale has projected that Bitcoin could reach a new all-time high by early 2026, driven by increased demand for value storage and clearer regulatory frameworks in the U.S. The firm highlights the anticipated 2024 launch of spot Bitcoin Exchange Traded Products (ETPs) and the 2025 passage of the GENIUS Act as pivotal factors in this growth. Additionally, Grayscale notes the rising adoption of stablecoins and asset tokenization as significant trends influencing the market. The firm also emphasizes the growing impact of token launch activities on market dynamics, suggesting these elements will play a crucial role in Bitcoin's potential price surge.