According to BlockBeats, on December 24, Coindesk reported that Bitcoin has disappointed investors this year, underperforming against gold and the tech-heavy Nasdaq 100 index, despite earlier expectations that it would benefit from fiat devaluation. However, according to a manager at VanEck, the largest encryption asset may be preparing for a significant return next year. David Schassler, head of multi-asset solutions at VanEck, stated in the company's recent 2026 outlook that “Bitcoin's performance year-to-date has lagged the Nasdaq 100 index by about 50%, and this disconnect makes it likely to become one of the best-performing assets in 2026.” Schassler wrote that although this year's weakness reflects a decrease in risk appetite and tight liquidity, the fundamentals of Bitcoin remain solid. He added, “As (currency) devaluation accelerates and liquidity returns, Bitcoin has historically reacted sharply.” “We have been buying,” he said. Schassler's broader argument focuses on the powerful combination of currency devaluation, technological transformation, and the rise of hard assets. The asset management company believes that funding future liabilities and political ambitions will increasingly rely on printing money, thus driving investors towards scarce store of value methods like gold and Bitcoin.
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