David Schassler of VanEck believes that Bitcoin's performance has been poor (lagging behind the Nasdaq 100 index by about 50% year-to-date), but this lays the groundwork for it to become the best-performing asset in 2026. He attributes the recent weakness to the macroeconomic environment and expects a strong rebound in Bitcoin as liquidity improves, stating, "We have been buying in." The company's outlook also emphasizes that 2026 will enter a mature four-year consolidation cycle, and the structural importance of stablecoins will become increasingly prominent.