Theo Head of Multi-Asset Solutions at VanEck, gold still has significant room for strong growth and could aim for the $5,000 mark next year. This view is based on the context of persistent inflation, macroeconomic instability, and a continued increase in demand for safe havens globally.
More notably for crypto enthusiasts is the commentary surrounding Bitcoin $BTC
Since the beginning of the year, Bitcoin has been 'underperforming' compared to the Nasdaq 100 by about 50%. According to VanEck, this performance divergence is setting the stage for Bitcoin to become one of the leading growth assets in 2026, when the cash flow cycle and risk appetite reverse.
In other words, while gold is seen as the story of the coming year, Bitcoin may be in a relatively accumulation phase compared to traditional risky assets, preparing for a leading role in the next trend cycle.
For those of you following long-term, this is a type of assessment that is very worth weighing, especially in the context of the market still being strongly differentiated between the short term and the larger cycle. I don't know how it will turn out, but for now, the door to 2026 seems brighter, and if there's nothing to be done, we can only hope to look forward to next year.