Bitcoin Investors Debate $100,000 Price Target for 2026

Bitcoin investors are divided over whether the cryptocurrency can reach the $100,000 price level by the end of 2026. This debate follows a 25% rally in August, though current data from the Kalshi prediction market indicates only an 11% probability of hitting that target by December.

Coinbase Global CEO Brian Armstrong believes the asset has bottomed and expects a recovery leading up to the next halving cycle in April 2028. Other bulls point to the historical four-year halving cycle and the thesis of Bitcoin as digital gold. Conversely, billionaire investor Ray Dalio argues that most investors prefer physical gold over the cryptocurrency.

Institutional momentum faced a recent hurdle on September 15 when the United States Senate failed to advance the Digital Asset Market Clarity Act. This legislative stagnation adds to the uncertainty surrounding the asset's short-term trajectory despite the optimistic outlook from some industry leaders.