Recently, I came across a pretty interesting viewpoint—some institutions are predicting that 2026 could be the real breakout year for cryptocurrencies. Not just a short-lived spike, but a sustained structural bull market.

To be honest, I was skeptical at first, but after taking a closer look at the report Delphi Digital released in early December, I found the logic to be quite solid.

Here’s the core reasoning: The Fed is very likely to resume its rate-cutting cycle in December 2025, and by 2026, there could be at least three more rate cuts, with the target rate possibly dropping to around 3%. More importantly, quantitative tightening (QT) will also come to an end by the end of 2025. What does that mean? Market liquidity will shift from continuous drainage to net inflows.

This kind of macro environment is actually very favorable for digital assets—long-duration assets and traditional safe havens like gold will benefit, and crypto assets with real demand backing them might become even more attractive. The recent sustained accumulation of ETH by whales seems to hint at this too; smart money might already be positioning ahead of time.

Of course, predictions like this are always unreliable. But from a policy cycle perspective, 2026 does share some of the features seen before previous bull runs—a shift in monetary policy, improved liquidity, and a recovery in market sentiment.

What do you think? Could this really be the start of the next big rally? Or is it just another round of “the boy who cried wolf” predictions?