K33 Research anticipates Bitcoin will outperform stocks and gold by 2026, driven by a widening gap between its fundamentals and price in 2025. The firm highlights potential boosts from expansionary policies and the anticipated passage of the Clarity Act in early 2026, which could enhance Bitcoin adoption. Additionally, major financial institutions like Morgan Stanley and E*Trade are preparing to launch Bitcoin ETFs and expand retail access. On-chain data indicates reduced selling pressure from early Bitcoin holders, with a shift towards net buyer demand expected by the end of the year. The fear and greed index also points to a growing optimism among investors.