Bitcoin Is Doing Something Last Seen in 2014. Wall Street Analysts Say This Will Happen in 2026.

The S&P 500 (SNPINDEX: ^GSPC) has advanced 15% year to date, while Bitcoin (CRYPTO: BTC) has declined 5%. If that pattern holds, it will mark the first year since 2014 where the S&P 500 has risen while Bitcoin has declined, according to Bloomberg.What happened last time? Bitcoin outperformed by a wide margin during the following year. Specifically, while the S&P 500 traded sideways in 2015, Bitcoin soared 38%. Certain Wall Street analysts expect Bitcoin to rebound in a similar fashion next year.Geoff Kendrick at Standard Chartered and Gautam Chhugani at Bernstein expect Bitcoin to hit $150,000 in 2026. Both forecasts are downward revisions from their previous estimates, reflecting a more difficult market environment, but they still imply 74% upside from the current price of $86,000.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool