The post VanEck: Expect Digestion, Not Drama for Bitcoin in 2026 appeared on BitcoinEthereumNews.com.

Key Notes VanEck thinks cycle dynamics point to consolidation rather than melt-up or crash. Best risk-reward in miners shifts to AI/HPC, with cheap power and credible economics. Stablecoin B2B settlement offers upside: VanEck favors a disciplined 1–3% BTC allocation. VanEck expects Bitcoin $0.0353 24h volatility: 0.3% Market cap: $35.35 M Vol. 24h: $6.76 M to enter 2026 with “mixed but constructive” signals and a higher likelihood of consolidation than of a dramatic melt-up or crash. According to a new firmwide crypto outlook led by Matthew Sigel (Head of Digital Assets Research), Bitcoin’s realized volatility has roughly halved since the prior cycle. It implies that the next cyclical drawdown should be smaller (around 40% vs. ~80% last time), with much of that already absorbed by the market. They also say Bitcoin’s four-year cycle, which often peaks in the post-U.S. election window, “remains intact” after the early-October 2025 high. This supports the case for 2026 as a digestion year. VanEck frames its call through three lenses: Global liquidity: rate cuts likely help, but parts of U.S. liquidity are tighter as AI capex collides with a fragile funding market. System leverage: meaningfully reset after several washouts. On-chain activity: still soft, but improving. For investors, the firm reiterates a disciplined 1–3% BTC allocation, built via dollar-cost averaging and opportunistic adds into leverage unwinds. The Big 2026 Trade: Miners Morphing into AI/HPC Providers VanEck spotlights the capital-intensive pivot underway at Bitcoin miners, expanding hash rate while simultaneously building AI/HPC data-center capacity. The firm’s other research tracks public miners planning to scale from ~7 GW energized in early 2025 to ~16 GW by 2026 and ~20 GW by 2027, with 20–30% of that power likely repurposed to AI/HPC workloads. In VanEck’s view, miners with cheap/secured power, credible HPC economics, and non-dilutive financing should lead a consolidation…

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Filed under: News - @ December 24, 2025 8:27 am