[Grayscale Research: Bitcoin Expected to Hit All-Time High in 2026, Four-Year Cycle Theory Will Become Obsolete] Foresight News reports, according to The Block, Grayscale Research stated that Bitcoin is expected to reach a new all-time high in 2026, countering market concerns that Bitcoin is entering a prolonged deep correction. In a report released on Monday, Grayscale noted that Bitcoin is unlikely to follow the so-called 'four-year cycle.' The market generally believes that Bitcoin's price follows its halving schedule, reaching a peak every four years before undergoing a significant correction. 'Despite uncertainties in the outlook, we believe the four-year cycle theory will be proven wrong, and Bitcoin's price is likely to hit a new all-time high next year,' Grayscale analysts stated. Unlike previous bull markets, this cycle has not seen the parabolic rise typically observed before a major reversal. The current market structure is also different from the past, with institutional funds concentrated in exchange-traded products and digital asset reserves rather than retail trading activity on spot exchanges.