Why a leading economist sees Bitcoin hitting $115,000 by March 2026

Macro economist Henrik Zeberg has outlined a case for Bitcoin climbing to a range of $110,000‑$120,000 by March 2026. He points to the convergence of prolonged low‑interest rates, widening sovereign debt yields, and a growing institutional appetite for non‑correlated assets. In his analysis, the digital token's scarcity mechanism is presented as a hedge against fiscal expansion, while the network's transaction efficiency remains a draw for corporate treasuries.

What the forecast reveals about market dynamics

The projection reframes Bitcoin not as a speculative play but as a strategic allocation within a risk‑adjusted portfolio. This shift highlights a structural tension between efficiency—its low‑cost, borderless settlement—and safety, embodied in regulatory uncertainty that can curtail liquidity. Zeberg's own pause before finalising the report—his finger hovering over the submit button—betrays the weight of endorsing a price band that could reshape capital flows.

The faint whir of the data‑center cooling fans punctuated his review, a reminder that the numbers rest on physical infrastructure as much as on market sentiment.

Understanding this projection matters because it frames how capital may reallocate risk in a tightening monetary environment.