Delphi Digital 2026 Outlook: Liquidity Turning Point Expected to Drive Bitcoin and Gold Higher
According to TechFlow, on December 19, Delphi Digital released its latest "2026 Market Outlook" report, which points out that despite the subdued sentiment in the crypto market, the macroeconomic environment is shifting from divergence to convergence, and global central banks have begun an interest rate cut cycle. The Federal Reserve has ended quantitative tightening, and it is expected that by the end of 2026, the federal funds rate will fall below 3%, which is likely to boost global liquidity. The report emphasizes that the record high in gold prices reflects an accelerating trend of currency devaluation, with central banks having purchased over 600 tons of gold in 2025 and expected to continue accumulating at a pace of 70 tons per month in 2026. Meanwhile, the massive U.S. fiscal deficit (USD 1.5-2 trillion annually) is squeezing liquidity in the funding markets and putting pressure on the U.S. Treasury market. Analysts believe that as the liquidity environment improves, inflation-resistant assets such as bitcoin will benefit from favorable conditions, but the market will not see a return to the "liquidity firehose" level of easing seen in 2020-2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Swiss Franc edges lower as US Dollar gains offset lower yield impact
Anthropic IPO application sparks chip stock rally, $2 trillion valuation triggers debate
Anthropic's IPO application sparked a rally in chip stocks such as Nvidia. The company's revenue reached $16.3 billions in the first half of the year, but it reported a net loss of $80.7 billions. Wall Street has mixed views on its $2 trillions valuation and 10% profit margin, while the decline in retail investor participation has intensified market caution.
JPMorgan Asset Management CIO: US Treasuries could return 7%-8% in the next 12 months, long-end offers more value
Over the next 12 months, the US bond market is expected to deliver a return of approximately 7% to 8%.
Japan's economy sees positive shift! Moody's: Growth and inflation show "encouraging" signs, but resilience still faces key tests
Rating agency Moody's believes that Japan's economy is showing encouraging signs of continued growth and progress towards stable inflation, but a key test will be whether this resilience can withstand future shocks.
Crypto prices
More
