Core Viewpoint - Bitcoin is expected to benefit from easing monetary policy in 2026, which may inject liquidity into global markets and revive risk appetite after a prolonged period of tight financial conditions [1] Group 1: Monetary Policy and Market Conditions - The U.S. central bank is laying the groundwork for looser monetary policy, with early signs of renewed balance sheet support described as "quantitative easing light" [2] - The Federal Reserve is starting to buy its own bonds, and lower interest rates alongside reduced demand for government debt are likely to positively impact all assets, including Bitcoin [3] - Market expectations indicate that policymakers remain cautious in the near term, with only 14.9% of traders expecting an interest rate cut at the January Federal Open Market Committee meeting, down from 23% in November [4] Group 2: Bitcoin's Market Dynamics - Bitcoin is seen entering a corrective phase after peaking near $126,000 in late 2025 and falling approximately 35% to around $80,000, reflecting a structural shift driven by macroeconomic conditions and institutional flows rather than retail speculation [6] - Regulatory clarity in the U.S. and rising institutional participation are identified as long-term tailwinds that could support Bitcoin's growth beyond a single cycle [3][7] Group 3: Investment Outlook - Analysts suggest that Bitcoin is likely to deliver steady gains over the next decade, characterized by lower volatility and more measured returns, rather than explosive year-on-year rallies [5] - The outlook for Bitcoin is described as a prolonged upward trend with strong returns, indicating a 10-year grind upward [5]