Barclays has issued a pessimistic forecast for Bitcoin and the broader cryptocurrency market, projecting limited growth potential through 2026. As pointed out in the source, it is important to note that the bank's analysis highlights a lack of significant catalysts that could drive the market forward in the coming years.
Barclays Year-End Report Highlights
In its year-end report, Barclays emphasized that without major developments—such as the approval of a Bitcoin exchange-traded fund (ETF) or the election of a pro-crypto president—Bitcoin's growth trajectory is likely to remain constrained.
Decline in Spot Trading Volumes
The report notes a notable decline in spot trading volumes, which reflects a waning enthusiasm among investors. This decrease in activity has contributed to a broader downward trend in the cryptocurrency market, raising concerns about its future performance.
In contrast to Barclays' pessimistic outlook on Bitcoin, Metaplanet has reported impressive profits driven by strategic trading in Bitcoin options. For more details, see Metaplanet's report.
