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21Shares is calling for a $100,000 bitcoin by the end of 2026, framing the asset's prolonged slide as a recognizable post-halving pattern rather than evidence of lasting structural damage.
The asset manager's base case lands at that round number even as $BTC trades roughly 50% below its October 2025 peak of $126,000.
The Post-Halving Playbook, According to 21Shares The firm's argument rests on pattern recognition.
21Shares says bitcoin's price action since the most recent halving — the roughly four-year supply reduction event that cuts the block reward miners receive — "still looks familiar," implying it rhymes with prior cycles rather than breaking from them.
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