HERE COMES VANGUARD: Why Bitcoin Hits New All-Time Highs in 2026

Video Description

In this episode, Nik sits down with Dr. André Dragosch of Bitwise to break down why large institutional capital is lining up behind Bitcoin heading into 2026. They explore ETF flows, treasury company demand, wirehouse adoption, & why Vanguard’s green light marks a major shift in access for traditional investors. André explains how global growth expectations, bond market stress, & falling confidence in sovereign debt are reshaping capital allocation, setting the stage for Bitcoin to push toward new all-time highs as long-term selling fades and institutional demand accelerates. Find André's work here: - https://andredragosch.start.page/ 📚 Bitcoin Age is here, order yours today: https://a.co/d/5gau08H 📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm. 🔓 The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don’t pay more taxes than you have to. Talk to us today. Visit unchained.com/tbl and use the code TBL10 for a 10% credit towards your first year's account fees. 📡 Blockstream delivers cutting-edge Bitcoin infrastructure. Discover the top-rated Blockstream Jade hardware wallet for secure offline storage, and explore the Blockstream Satellite for a seamless offline Bitcoin node experience — all available at the Blockstream Store. Visit: https://store.blockstream.com/discount/TBL for 10% off entire order. ▶️ Subscribe and turn on notifications for TBL on YouTube. 📚 Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe 🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform. 📱 Follow TBL on X: https://twitter.com/TheBitcoinLayer 📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial 🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch ⛓️ ₿lock Height 929180 ⚡ Contribute to The Bitcoin Layer via Lightning Network: [email protected] Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Researcher Demian Schatt's Twitter: https://x.com/demianschatt Lead Statistician Augustine Carrasco Twitter: https://x.com/AugustineCarrB ❗ The Bitcoin Layer and its guests do not provide investment advice. Chapters: 00:00 Intro & Guest Introduction 00:41 2026 Outlook for Bitcoin 01:35 2025 Review: Institutional Demand & Flat Price 03:39 ETF Flows, Institutional Backlog, and 2026 Dry Powder 05:52 ETFs, Treasury Buying Challenges & Flywheel Dynamics 08:31 Long-Term Holder and Whale Selling Explained 10:38 Why Did Long-Term Holders Sell in 2025? 12:41 Legitimization of Bitcoin & Political Shifts 14:46 Is the Four-Year Cycle Dead? 15:08 Havings vs. Demand: Structural Shifts 16:39 Macro Factors Now Drive Bitcoin 17:53 Macro Cycles, Rate Cuts, and 2026 Outlook 19:59 Bitcoin Underpricing Global Growth & M2 Divergence 22:03 Commodities, Global Growth Signals, and Retail Absence 23:49 Retail's Role in Future Bull Runs 25:52 Economic Policy, Middle Class, and Retail Footing 27:12 Global Wealth Deployment & Bitcoin's Share 31:52 Sovereign Bond Rotation Into Bitcoin 36:32 Japan's Bond Market and Bitcoin 41:44 Wirehouses, Vanguard, and 2026 Bullish Thesis 46:05 ETFs As Bitcoin's Marginal Buyer 48:12 Outro & Where to Find Dr. Andre Drago