VanEck says policy clarity could make Q1 a ‘risk-on’ quarter

VanEck expects stronger risk appetite in Q1 on improved fiscal and monetary visibility, while warning that Bitcoin’s cycle signals remain mixed.

Global investment management firm VanEck is confident that the first three months of the year will be a risk-on environment for investors, citing clarity around fiscal policy, monetary direction, and major investment themes. 

“As we move into 2026, markets are operating in an environment with something investors have not had in years: visibility,” stated VanEck in a Q1 2026 Outlook on Tuesday. 

However, regarding Bitcoin (BTC), it stated that the typical four-year cycle “broke in 2025, complicating short-term signals.”

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