BTC-Newswire

Bitwise CIO believes Bitcoin’s traditional 4-year cycle is over

Press Releases Crypto News CryptoSlate Bitwise CIO believes Bitcoin’s traditional 4-year cycle is over

Bitwise Chief Investment Officer Matt Hougan has questioned the persistence of Bitcoin’s (BTC) historical four-year cycle, suggesting that recent policy shifts in Washington could extend the current bull market into 2026 and beyond.

In a letter to clients, Hougan highlighted that Bitcoin has traditionally followed a cycle of three strong years followed by a pullback. He had previously identified this pattern in mid-2022, predicting a market rebound that materialized in 2023 and 2024.

Based on past trends, 2025 is expected to be another strong year. However, the outlook for 2026 may differ from previous cycles.

According to Hougan, economic factors rather than Bitcoin’s halving events are the primary drivers of the four-year cycle. Market upswings typically begin with a significant catalyst, attracting new investors and fueling momentum.

Eventually, speculative excess leads to corrections, as seen with past events such as the collapse of Mt. Gox in 2014 and the crackdown on ICOs by the US Securities and Exchange Commission (SEC) in 2018.

Catalysts

The Grayscale legal victory against the SEC in March 2023 catalyzed the current cycle, which Bitwise dubbed the “Mainstream Cycle.” This ruling paved the way for Bitcoin exchange-traded funds (ETFs), which launched in January 2024 and drew significant institutional investment.

Since that initial ruling, Bitcoin’s price has surged from $22,218 to over $102,000. Meanwhile, President Donald Trump’s recent executive orders related to digital assets have introduced a new variable that could catalyze another rally to new heights.

The order designates expanding the digital asset ecosystem as a “national priority,” signals regulatory clarity, and outlines plans for a potential “

Go to Source to See Full Article
Author: Gino Matos

Did you like this?
Tip BTC Newswire with Cryptocurrency