2025 was a year of contradictions
Traditional markets pushed to new highs, gold stole the spotlight, and macro volatility refused to fade. Meanwhile, crypto delivered moments of strength, moments of stress, and a growing sense that the rules of the cycle may be changing.
In this report, the SwissBorg Investment Team takes a clear-eyed look at what really shaped markets in 2025 - from geopolitics and policy shocks to liquidity constraints, ETFs, and the institutionalisation of Bitcoin. More importantly, it asks the harder question: what actually matters for crypto in 2026?
Read the Crypto 2026 “Hocus Pocus” to discover:
- A grounded review of 2025 across traditional assets and digital markets
- A liquidity-first framework for understanding Bitcoin and risk assets
- A realistic outlook for 2026, including base cases, tail risks, and cycle fatigue
- Deep dives into structural themes shaping the next phase of crypto:stablecoins, real revenue, buybacks, AI infrastructure, agents, and adoption
- Bull, bear, and general predictions - laid out transparently, without hype
This is not a price-target brochure. It’s a strategic map of where crypto stands today, what has genuinely changed, and where opportunity and risk may emerge next.
Whether you’re a long-term Borger, an active market participant, or simply trying to cut through the noise, this report is designed to help you think more clearly about the year ahead.
Read the full Crypto 2026: Hocus Pocus report HERE and explore the Investment Team’s outlook for markets, liquidity, and the evolving crypto landscape.
📖 Read the full Crypto 2026: Hocus Pocus report
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