Growing sovereign debt levels combined with increasingly clear regulatory frameworks are shaping up to be key catalysts for a crypto bull run heading into 2026. Grayscale's head of research recently highlighted this intersection on CNBC—pointing out that while macro headwinds typically pressure traditional markets, the crypto space stands to benefit from regulatory certainty. It's an interesting take: as governments worldwide establish clearer rules around digital assets, institutional players may feel more comfortable deploying capital. Add in the debt dynamics pushing investors toward alternative stores of value, and you've got the makings of a potential upswing in the months ahead.