BlockBeats reported on December 24, according to Coindesk, that Bitcoin has disappointed investors this year, underperforming compared to gold and the tech-heavy Nasdaq 100 index, despite earlier expectations that it would benefit from currency depreciation.
But according to a manager at VanEck, this major cryptocurrency 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: 'Bitcoin's performance has lagged the Nasdaq 100 index by about 50% this year, and this misalignment makes it likely to become one of the best-performing assets in 2026.'
Schassler said that although this year's weakness reflects a decline in risk appetite and liquidity tightening, the fundamentals of Bitcoin remain solid. He added, "As (currency) depreciation accelerates and liquidity returns, Bitcoin has historically reacted violently." "We have been buying in," he stated.
Schassler's broader argument focuses on the powerful combination of currency depreciation, technological transformation, and the rise of hard assets. The asset management company believes that funding future liabilities and political ambitions will increasingly rely on money printing, thereby driving investors towards scarce value storage means such as gold and Bitcoin.
