According to Bill Miller IV, fund manager and son of the well-known American investor Bill Miller, Bitcoin is on the verge of a new upward phase. He points to a combination of technical signals, changing regulations in the United States and increasing adoption by large financial institutions.
Wall Street and regulation as pillars
In an interview with CNBC, Miller, chief investment officer at Miller Value Partners, said the charts are looking increasingly favorable. “The technical signals are starting to align. It looks like Bitcoin is poised to break out again and eventually rise above the previous record,” Miller said.
According to Miller, the context around Bitcoin has fundamentally changed. He refers to recent statements by SEC Chairman Paul Atkins, who indicated that capital markets are increasingly moving towards on-chain infrastructure. At the same time, major banks, including JPMorgan, are actively developing applications based on blockchain technology.
“It’s a completely new playing field,” Miller said. “That is all very positive for Bitcoin, which also appears to have formed a higher bottom than in the spring of 2025.”
He does not see the fact that Bitcoin fell by about six percent last year and was overtaken by gold as problematic. Given the volatility of the crypto market, he believes it is important to zoom out further. Historically, Bitcoin has never had two consecutive losing years.
Several analysts see tailwinds in 2026
Other market experts also see favorable conditions for Bitcoin in 2026. Tom Lee, chief investment officer at Fundstrat Capital, also speaks of clear tailwinds. According to him, much of the leverage has disappeared from the market after the October shock, while institutional adoption continues and the US government is relatively positive towards crypto.
“That combination is helping Bitcoin bounce back this year,” Lee said.
Opinions differ about specific price targets. Crypto investor Haseeb Qureshi of Dragonfly expects Bitcoin to rise above $150,000 by the end of 2026. Galaxy Digital keeps mum and calls the year too unpredictable to make exact predictions, and comes up with a range between $50,000 and $250,000.
Bitcoin is currently trading at around $93,750. This means that the Bitcoin price is still well below the record of $126,080 from October, but a few percent higher than at the beginning of this year.
Source: https://newsbit.nl/vermogensbeheerder-bill-miller-iv-bitcoin-oogt-klaar-voor-nieuwe-stijging/
