Tansel Kaya, a recognized figure in the cryptocurrency market and a lecturer at Kadir Has University, recently shared his outlook for Bitcoin's price by the end of 2026. Speaking on the Blocker program hosted by Şafak Tükle, Kaya discussed current market trends and future possibilities.
Impact of Interest Rate Decisions on Crypto
The discussion touched upon the Federal Reserve's upcoming interest rate decision. Kaya indicated that a potential 25 basis point interest rate cut would likely have a beneficial effect on cryptocurrency markets. He explained, “All risky assets are positively affected by interest rate cuts. Bitcoin is currently in the 90-92 thousand dollar range, and on the Ethereum side, the supply on exchanges has fallen to historically low levels; this indicates that there is no selling pressure.”
CFTC Pilot Program and Tokenized Assets
Kaya also highlighted the significance of the CFTC's pilot program, which permits assets such as Bitcoin, Ethereum, and USDC to be utilized as collateral within derivatives markets. He described this development as “an extremely important milestone,” suggesting that this could set a precedent for all tokenized financial assets to be accepted as collateral in the future.
Evolution of Crypto Market Cycles
Looking ahead to 2026, Tansel Kaya observed that the cryptocurrency market appears to be moving away from its traditional "4-year cycle" structure. He attributed this shift to the increasing involvement of institutional investors, which he believes is moderating the sharp and rapid price fluctuations seen in the past.
“The impact of panic selling is now much more limited. Institutional investors are gradually accumulating as the market falls. Instead of sudden movements like 2x, 5x, or 10x, we are in a bull period that is spread over a longer period. This bull will also have an impact on 2026.”
Kaya elaborated that institutional investors are strategically accumulating assets during market downturns, rather than engaging in panic selling. This approach contributes to a more sustained, albeit less explosive, bull run. He anticipates that this trend will continue to influence trading activities through 2026.
Bitcoin Price Forecast for 2026
Concluding his remarks on the program, Kaya presented a notable prediction: Bitcoin could potentially reach $150,000 by the close of 2026.

