2026 will be the bull run everyone thought 2025 would be.
Bitcoin’s recent collapse was driven by weak liquidity, accelerated by the Oct liquidation event and further pushed by 4 year cycle believers selling. It’ll reverse as liquidity conditions slowly improve.
Then next year policy shifts as we gear up for midterms and cyclical easing accelerates.
We have on the table possible balance sheet expansion from the Fed coupled with eSLR tweaks, more rate cuts, possible stimulus checks, housing changes, etc.
If we don’t go the path of Fed balance sheet expansion we likely get some form of deregulation when it comes to private credit (Bessent has talked about this since early 2025).
Loans are a form of money creation. We used to lean more heavily on the private markets creating liquidity pre 2008.
Either way you look at things Trump and Bessent have one play to win midterms (juice the economy) and a lot of tools at their disposal to play around with.
Couple all these things together and it’s a recipe for a bullish 2026, not a bear market.
The 4 Year Cycle Is Dead.
Saw a bunch of tweets saying the new EP art is AI. I thought I would take the opportunity to shout out the legend https://t.co/Q5kBM7Mirn who has hand drawn all of my releases since 2017 along with all of the Subsidia, Lost Lands, Bass Canyon art etc. Mad skills and an amazing talent. All hail Ven!