Opinion: The macro environment and institutional adoption will drive Bitcoin to $102,000

BTC-0.57%

Odaily Planet Daily reports that CF Benchmarks research director Gabe Selby stated that, supported by institutional buying and a favorable macroeconomic outlook for 2026, Bitcoin prices are expected to rise from the current $90,000 to $102,000, an increase of 15%. The decline in labor costs signals a cooling of inflation, which will prompt the Federal Reserve to further cut interest rates in 2026, creating a favorable environment for risk assets.

Currently, Bitcoin has fallen nearly 30% from its all-time high of $126,000 set in October 2025. Data from DefiLlama shows that investors withdrew over $400 million from Bitcoin spot ETFs on Thursday. Gabe Selby pointed out that institutions will become the main driving force of the market in 2026. Currently, 14 US spot ETFs hold a total of over $100 billion in assets, with BlackRock’s iShares Bitcoin Trust leading with $67 billion in assets under management. In subsequent stages, institutions will integrate digital assets into full discretionary strategies and model-based mandates. Additionally, SEC filings indicate that Morgan Stanley is preparing to launch a new ETF supporting cryptocurrencies such as Bitcoin.

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