21Shares Co-Founder: Bitcoin’s 2026 Rally Isn’t Guaranteed
It will be challenging for Bitcoin to duplicate its early 2025 price increases into 2026, given the state of the market. Ophelia Snyder, a co-founder of 21Shares, claims that the current climate is less conducive to such quick upside. According to Snyder, Bitcoin exchange-traded funds frequently see fresh inflows in January. These inflows are usually caused by investors repositioning and rebalancing their portfolios at the beginning of the year.
It’s unlikely that the factors driving the current volatility will fully resolve in the short term. A repeat performance next January will depend heavily on broader market sentiment.
Snyder
BTC Slides 10% in a Month: Will January Bring a Recovery?
According to Snyder, given the current low degree of optimistic market sentiment, it is unknown how Bitcoin will fare in January. On January 9, Bitcoin peaked at $109,000. Before his inauguration, traders were placing bets that Donald Trump‘s suggested ambitions for the cryptocurrency industry would cause a surge.
On October 5, Bitcoin reached its current high of $125,100. But after the $19 billion cryptocurrency market liquidation event on October 10, it quickly went into a downward trend. Many market participants adopted a cautious short-term pricing view as a result of the event. They had more bullish year-end price forecasts before this change. According to CoinMarketCap, Bitcoin is currently trading at $91,176, down around 10.55% over the previous 30 days. Snyder is feeling more hopeful about the future, though, given the present climate.
I am feeling more bullish as I see this most recent correction as a response to a general risk-off sentiment to broader market conditions, rather than anything crypto specific,
Snyder
Bitcoin’s Bullish Catalysts vs. Bearish Risks: What’s Next?
According to Snyder, several factors, such as the growth of cryptocurrency ETFs on major platforms, might cause Bitcoin to perform even better. Stronger performance might also be supported, she continued, by further government adoption and the growing need for stores of value other than gold. Rising risk aversion in larger financial markets is one potential reason that could lead to Bitcoin’s poor performance. The fact that gold is still strong is another reason that could deter investors from Bitcoin. Traditional investors may find Bitcoin less appealing as a result of this circumstance.
For more up-to-date crypto news, you can follow Crypto Data Space.
