US GDP Growth Alone Won’t Guarantee a Bitcoin Rally in 2026

Bank of America forecasts 2.4% US GDP growth in 2026, supported by fiscal stimulus, AI investment, and trade policies, but JPMorgan warns macro risks could keep real yields elevated, limiting Bitcoin’s upside. Analysts say the key determinant for BTC is not GDP itself, but whether growth comes with falling real yields and expanding liquidity—which historically drive ETF flows and demand for the non-yielding crypto asset.