#2026年比特币价格展望 The 45-day policy boom in the crypto industry has unleashed a wave of benefits, with institutional entry channels fully opening up

This recent wave of changes has been quite intense. From the Federal Reserve's shift to Wall Street's actions, the policy environment of the crypto market has completely transformed within just 45 days.

Let's look at the timeline:

On December 1, 2025, the Federal Reserve ended its balance sheet reduction (QT) and shifted to a principal rolling strategy, meaning that incremental liquidity was re-injected into the system. On the 2nd, the SEC Chairman announced that in January 2026, they would introduce an "Innovation Exemption" framework, clearing policy obstacles for crypto projects. On the same month, the 4th, Bank of America expanded its crypto ETP permissions for wealth management clients, allowing high-net-worth individuals to more easily allocate crypto assets. At the end of the month, there was also policy discussion about "tax exemption for small crypto payments," which, if implemented, would activate payment scenarios.

Jumping to January 2026. On the 5th, Bank of America investment advisors gained permission to recommend crypto ETPs, opening the institutional entry channel; simultaneously, Japan’s Finance Minister expressed support for compliant exchanges to undertake crypto business. On the 6th, Morgan Stanley applied to the SEC for Bitcoin and SOL ETF products, intensifying ETF competition. On the 11th, the X platform launched the Smart Cashtags feature, improving the efficiency of sharing crypto assets. On the 12th, South Korea planned to relax the crypto investment permissions for listed companies, with detailed guidelines to be released in January-February.

You see, these are not just one or two events, but systemic breakthroughs at the institutional level. Policy friendliness, institutional recognition, product innovation—every dimension is moving in sync.