In today’s briefing:
- Whale’s Market Outlook 2026: Crypto Majors, Perp DEXs, and Prediction Markets
- The Evolution of the Multi-Asset Wealth Manager in the Digital Asset Era
Whale’s Market Outlook 2026: Crypto Majors, Perp DEXs, and Prediction Markets
- In 2025, Bitcoin presents an apparent contradiction that has reignited debate around the validity of the 4-year cycle theory. Historically, the post-halving year has always seen strong positive returns.
- In 2025, however, Bitcoin delivered a first-ever negative annual return in a post-halving year, breaking this long-standing belief. Yet, paradoxically, 2025 also saw Bitcoin reach a new all- time high, with the price peak occurring in Q4.
- This is precisely in line with the prior cycle. In that sense, Bitcoin still followed the cycle, even though the path looked different from the past.
The Evolution of the Multi-Asset Wealth Manager in the Digital Asset Era
- Generational regime change: We are entering the largest intergenerational wealth transfer in history (US$83.5 trillion), creating a massive onboarding opportunity for wealth managers to capture “Next-Gen” clients who view digital assets as essential.
- In the US, Gen-Z is now four times more likely to own crypto (42%) than traditional retirement accounts (11%).
- Challenges of traditional diversification: The 60/40 portfolio faces structural headwinds—driven by the positive correlation between stocks and bonds—forcing wealth managers to seek non-correlated returns.
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