[Grayscale Research Director Predicts Bitcoin May Hit a New High in the First Half of 2026] Grayscale Research Director Zach Pandl stated in an interview with CNBC that Bitcoin could reach a new all-time high in the first half of 2026. He believes this prediction is based on four key factors: growing demand for alternative stores of value, a weakening U.S. dollar, potential interest rate cuts by the Federal Reserve, and bipartisan progress in U.S. cryptocurrency market structure legislation.