Bitcoin price: Continuously fluctuating
As of 6 pm today (December 28), Bitcoin - the world's largest electronic currency - according to market value "turned around" up 0.46%, reaching 87,841.39 USD.
This new price contributed to bringing market capitalization to the milestone of 1,754 billion USD, an increase of 8 billion USD. In contrast, trading volume in 24 hours was only at the threshold of 13.50 billion USD, down 14.39 billion USD.
Perspectives and forecasts
According to Mr. Matt Hougan - Investment Director (CIO) of Bitwise, Bitcoin is likely to bring stable growth in the next decade, but investors should not expect price increases to explode year by year like in previous cycles.
Speaking on CNBC on Friday, Mr. Hougan described Bitcoin's prospects as a long-term upward trend, with lower volatility and a more measured yield.
I think we are in a 10-year gradually increasing cycle with good yields. Not a booming yield, but stable yields, lower fluctuations, with increases and decreases" - he said.
Mr. Hougan reaffirmed his view that 2026 will be a positive year for Bitcoin, keeping the forecast he made in July.
The debate became fiercer after Bitcoin adjusted sharply from the October peak. According to CoinMarketCap, at the time of the article, Bitcoin traded around $87,800, down about 3.8% in the past 30 days.
Mr. Sebastian Beau - Investment Director of ReserveOne said that this decline has revived doubts about the traditional 4-year cycle of Bitcoin.
Some market participants noted that the time Bitcoin peaked in October was quite similar to previous cycle peaks, raising the possibility that 2026 could be a year of decline.
Mr. Hougan admitted that the behavior of individual investors has contributed to the recent weakening, when this group of investors withdrew capital at the end of the year to anticipate a cyclical decline scenario.
However, he believes that Bitcoin's decline has been "between" thanks to the slow but persistent flow of organized money.
Unlike previous cycles that witnessed a decrease of 60% or more, the current correction of Bitcoin is relatively shallow - a sign that long-term capital flows are playing a role in supporting the market.
However, not all experts are as optimistic as Mr. Hougan. Veteran trader Peter Brandt warned that Bitcoin could fall to $60,000 in Q3/2026, emphasizing risks related to the macroeconomic context and market structure.
Mr. Hougan also lowered expectations that US politics will be the main driving force for the next rally. Although Bitcoin once reached a new peak in early 2025 after the inauguration of US President Donald Trump, he believes that this administration is unlikely to create a major boost for prices.
Looking towards 2026, the cryptocurrency industry still shares views. Mr. Jurrien Timmer - Global Macro Research Director of Fidelity believes that 2026 may be a year of "pause", with Bitcoin prices likely to fall back to around 65,000 USD.
In Vietnam, the cryptocurrency asset market has been piloted since September 9, the pilot implementation period is 5 years.
However, organizations and individuals participating in the cryptocurrency asset market must comply with relevant legal regulations on preventing and combating money laundering, terrorist financing, financing the dissemination of weapons of mass destruction, electronic transactions, network information security, network security, data protection to ensure security and safety in the cryptocurrency asset market and other relevant specialized laws.
