What will Bitcoin be worth in 2026? Many top institutions are discussing a bold figure: $250,000.

Sounds unbelievable? But the logic behind it has changed.

The classic "four-year halving cycle" story of Bitcoin may be becoming outdated. What is replacing it?

**Institutions are changing the game**

Continuous inflows into spot ETFs, large corporations and countries allocating treasury reserves—these funds are buying regardless of whether it's a bear or bull market. The investment logic is shifting from "cyclical speculation" to "strategic asset allocation." Institutions like Fidelity have already announced that by 2026, more countries will include Bitcoin in their reserve assets.

Plus, with the potential for expansive fiscal and monetary policies in the US, the environment for risk assets is actually improving.

**What does a new bull market look like?**

Rather than a frantic hype cycle, it’s more like a "slow institutional bull." Volatility will be more moderate, and the duration longer. Of course, there will be ups and downs along the way, but those who understand the long-term trend won't be scared by short-term fluctuations.

This requires a vision: penetrating through cycles to see the true value of Bitcoin as an asset allocation tool.