On Thursday, David Sacks said the landmark crypto market structure bill could be wrapped up in January, while on Friday Peter Brandt told Cointelegraph the US Clarity Act would aid the sector but won't redefine Bitcoin's value. Brandt also sees a potential move to $60,000 in Q3 2026, a 31% slide from $88,000 at publication, according to CoinMarketCap.

Google is backing Bitcoin miners with at least $5 billion in credit guarantees to fund AI data center pivots, rather than investing directly. Miners such as Cipher, IREN, TeraWulf and Hut 8 supply land and power while Fluidstack signs long-term leases; Google backs those obligations. Related miner stocks climbed 300–500% in 2025, and Google took warrants of 14% (TeraWulf) and 5.4% (Cipher).

On Dec. 18, the Bank of Japan raised its benchmark interest rate to 0.75%, the highest level since 1995, marking a clear departure from its long-running ultra-loose policy. Bitcoin traded near $87,800 after the move, but analysts warned that a sustained tightening path in Japan, combined with possible U.S. rate cuts, could squeeze yen-funded leverage and dampen demand for risk assets, including crypto. Market data also indicated U.S. investors sold into the news, while some observers argued that Japan’s negative real rates and potential balance-sheet dynamics could still support Bitcoin over the longer term.

BlackRock's spot Bitcoin ETF, IBIT, ranked sixth by 2025 year-to-date inflows even as it posted a roughly 9.6% loss for the year. The fund has taken in about $25.4 billion in net inflows, outpacing several equity and commodity ETFs, including GLD. The snapshot was highlighted on December 19, 2025.

On Dec. 10, the Federal Reserve launched its reserve management purchases (RMP) program alongside a 25 basis point rate cut, with plans to buy about $40 billion of short-term Treasurys in the first month. Arthur Hayes argues in a recent Substack essay that RMP functions like quantitative easing, inflating fiat liquidity and strengthening the investment case for Bitcoin, gold and other scarce assets while eroding purchasing power for those without assets. Bitcoin traded near $92,695 on Dec. 10 and around $87,300 at the time of writing, as Polymarket traders priced a roughly 77% chance of no policy change at the Fed's January meeting.

During his keynote at the Bitcoin MENA conference in Abu Dhabi, MicroStrategy executive chairman Michael Saylor framed Bitcoin as a hard asset comparable to crude oil and outlined plans some described as a Bitcoin-focused banking model. Economist Saifedean Ammous, author of The Bitcoin Standard, argued that this asset-focused approach does not change Bitcoin's monetary nature and expects growing use of fiat-based financial tools built on top of BTC as adoption expands.

Fidelity's director of global macro Jurrien Timmer argues that Bitcoin has likely completed another four-year halving cycle after hitting an October high close to $125,000, with a potential peak near $126,200. He maps out a support zone between $65,000 and $75,000 based on historical drawdowns and cycle timing, suggesting 2026 could be a cooling "off-year" as ETF flows and macro conditions drive price behavior.

New onchain metrics show that newly formed Bitcoin whale addresses have grown to control nearly 50% of BTC’s realized capitalization, suggesting a major reset in the network’s cost basis. Short-term holder supply has expanded by about 100,000 BTC over 30 days to a record level, while whale wallets have been net buyers as smaller traders reduced risk.