Bitcoin’s Price Reality in Early 2026
Bitcoin is trading near $70,000, down from its recent all-time highs above $126,000 in October 2025 but still holding important support zones.
This drawdown reflects more than price action. It reflects sentiment; fear, uncertainty, and shifting narratives that often overshadow fundamentals in the short term.
We’ve Seen This Before
At Michael Leslie Investments, we don’t chase hype. We buy when conviction is high and sentiment is low.
When Bitcoin traded near $20,000 in 2023, fear dominated headlines. Many investors hesitated. We did the opposite. We built a large position at those levels and later exited at more than 2x our entry.
That was not luck. It was discipline during pessimism.
Today feels familiar.
Bitcoin has pulled back from prior highs. Confidence is softer. Media narratives are mixed. That combination historically creates opportunity.
We believe this is another accumulation window.
Political Tailwinds Matter
President Donald Trump has repeatedly positioned himself as pro-crypto. Let’s not forget that he’s more than once called himself the “Crypto King”.
Regulatory tone and policy posture influence institutional capital flows. A friendlier environment does not guarantee price appreciation, but it reduces friction and uncertainty.
Crypto thrives when clarity replaces hostility. That matters over a multi-year horizon.
Our Core Bitcoin Thesis
We remain structurally bullish for three reasons:
1. Scarcity remains intact
Bitcoin’s capped supply does not change with politics or headlines. Scarcity plus growing global awareness is a powerful long-term equation.
2. Volatility creates entry points
Pullbacks reset sentiment. They allow disciplined investors to accumulate without competing against euphoria.
3. Adoption cycles repeat
Each cycle has looked chaotic in real time. Each cycle has ultimately expanded the network.
We believe Bitcoin has the potential to reach substantially higher levels over the course of this presidential term. We are positioning accordingly.
How MLI Is Handling It Now
We are not guessing. We are scaling exposure.
Our approach:
- Core Bitcoin allocation built during weakness
- Incremental adds on further dips
- No emotional selling into volatility
We have already demonstrated the ability to buy aggressively when the market is uncomfortable. That playbook has not changed.
Conviction plus patience built our previous 2x return. The current setup resembles that period more than the peak euphoria phase.
Why We Are Also Bullish on Robinhood
There is a second opportunity many investors overlook.
Robinhood Markets moves with crypto participation. When enthusiasm fades, trading volume drops and the stock softens. When crypto activity surges, Robinhood benefits.
That leverage works both ways.
We view current levels as attractive relative to prior highs. If Bitcoin enters another expansion phase, platforms that facilitate crypto trading stand to benefit disproportionately.
In our view, Robinhood is not just a trading app. It is a volatility amplifier tied to crypto cycles.
If you believe crypto is entering a new growth phase, indirect exposure through Robinhood can be a powerful complement to holding Bitcoin itself.
We are bullish on both.
This Is Not Blind Optimism
Crypto is volatile. It can drop hard before rising again. Position-sizing matters. Time horizon matters.
But long-term wealth is rarely built by waiting for perfect certainty. Instead, it is built by acting when the risk-reward profile is skewed in your favor. In 2023, Bitcoin near $20,000 felt dangerous. It was not.
Today’s environment carries similar skepticism. We see opportunity.
Final Thoughts
We believe Bitcoin is setting up for another meaningful expansion phase, and that the policy tone is supportive. We believe pullbacks are accumulation zones.
Exposure to Bitcoin and the broader crypto market, both directly and through Robinhood, offers asymmetric upside over the coming years.
At Michael Leslie Investments, we are not watching from the sidelines: we’re building positions.
If you want a disciplined strategy around crypto exposure rather than emotional reactions to headlines, now is the time to talk.
Position With Confidence, Not Emotion
If you want help evaluating where Bitcoin, and crypto exposure more broadly, fits into your long-term portfolio, contact Michael Leslie Investments. We build strategies that balance conviction with discipline to help you navigate volatility and position for long-term success.
