Schwab: Liquidity lifts bitcoin, but ‘halving cycle’ fears could limit rally in 2026, says Schwab

Quantitative tightening is over and balance sheets are growing again, but cycle theory and adoption concerns still cloud bitcoin's upside, according to Schwab's Jim Ferraioli. What to know : Bitcoin’s outlook for 2026 is shaped by falling rates, rising liquidity and improving risk sentiment, though adoption may lag early in the year. Schwab’s Jim Ferraioli points to ten key drivers of bitcoin’s price—three long-term and seven short-term—with several short-term factors currently supportive. While 2026 is expected to be a positive year, Ferraioli says bitcoin’s gains will likely fall below its historical 70% average from annual lows.(Coindesk)