By the end of 2025, Bitcoin has fallen nearly 30% from its October high of $126,080 and underperformed gold in the popular "currency devaluation trade." Analysts believe that this long-term strategy remains effective due to ongoing government deficits and quantitative easing policies. Bloomberg's Eric Balchunas pointed out that this trade requires patience, while Pepperstone's Wu Dilin stated that concerns about currency devaluation are only "temporary relief." As Bitcoin is increasingly seen as a tool for institutions to hedge against fiat currency devaluation and the Federal Reserve's potential dovish stance, analysts expect the Bitcoin market to show a bullish trend in 2026.