Macro trader plur daddy has identified four major themes influencing Bitcoin's outlook for 2026, with a focus on US liquidity normalization rather than crypto-specific events. Key factors include Federal Reserve monetary policies (RMPs), fiscal expansion, disinflation, and potential political shifts. Disinflation could lead to interest rate cuts, while a Trump administration might favor gold over Bitcoin. Despite a cautiously constructive view on Bitcoin, the trader suggests gold may be a more favorable investment due to the mental capital drain associated with cryptocurrencies.