BTC to $200K? Chaos in Congress?

From $200K Bitcoin to impeachment—What 2026 may have in store

Yesterday, I shared my top predictions for 2026 about the Fed, interest rates, the dollar, and gold. Today, I want to round that out with two final forecasts—both of which carry even more potential volatility. One in crypto. The other in Congress.

• Bitcoin Sets New Highs, but…

Crypto will continue to gain traction among institutional investors, and more US states adopt bitcoin as a reserve asset. Bitcoin will touch a new all-time high of between $150,000 and $200,000, but the price will continue to be super bouncy—not so much a prediction as a reminder of an obvious state of affairs.

Falling interest rates and a falling dollar are generally good for crypto, so we’ve got those tailwinds taking shape. Moreover, bitcoin whales are accumulating again, and they’re pulling BTC off centralized exchanges to dump into self-custody wallets—a bullish sign.

The albatross, however, is Trump.

He sets policy based on whims, emotions, and whatever knucklehead he last chatted with, and his actions regularly roil the immature crypto markets. Every time he angrily decided to slap tariffs on China, for instance, crypto fell out of bed.

But when all was quiet at the White House, bitcoin, Solana and others climbed to record highs in 2025.

I suspect we see those record highs again in 2026, but the moves will be choppy and volatile because of Trump.

• The Mid-Term Elections are Shocking

Recent off-year elections have been horrendous for Republicans. They’ve lost ground pretty much everywhere. Even Miami recently elected a Democrat for mayor instead of the Trump-endorsed Republican candidate… the first Democrat to serve in that role in 30 years.

Indiana’s GOP, meanwhile, recently gave Trump the metaphorical middle finger when it refused to gerrymander the state to give Republicans a shot at adding more friendly seats in Congress. And even Marjorie Taylor Greene, one of the most bombastic flamethrowers in the MAGA movement, called it quits and had some scathing words for Trump that very likely opened the eyes of many followers.

The mid-terms, thus, are not shaping up well for Trump.

I won’t bet on this, but my gut says the Democrats retake Congress in a tidal wave of blue… and the result of that is a broad round of impeachments against Trump and many in his cabinet.

And if so, then we will have social discord in America at the end of the year.

There’s another potential twist to consider—unlikely, but not outside the realm of possibility in this era of political volatility.

Under the Constitution, Congress holds the authority to regulate the timing and manner of federal elections. In extreme circumstances, it’s conceivable that election dates could be altered in response to a declared national emergency—whether due to economic instability, cybersecurity concerns, or border-related unrest. If the political climate supports such a move, and the courts uphold it, it could result in delays or changes to the mid-term election schedule.

In a more far-reaching scenario, an international crisis—perhaps involving a hostile foreign actor—could create conditions that prompt calls for postponement based on national security grounds. If that were to happen, we might see some states temporarily reschedule polling, creating uncertainty and potentially shaking investor confidence.

Again, none of this is a forecast. It’s simply an exercise in exploring the range of outcomes that could emerge in a highly unpredictable environment.

And if such a scenario, or something similar, does take shape… well, the dollar sees lows much lower than I suspect, and gold sees highs much higher than $6,000.

So… Happy New Year!