Odaily Planet Daily News Bitwise Chief Investment Officer Matt Hougan posted on the X platform that Bitcoin's traditional four-year cycle may have ended.
He believes that with the influx of institutional investors and the maturity of the market structure, Bitcoin's price volatility and cyclicality will be smoother and no longer significantly affected by halving events. The Bitcoin market is entering a new phase dominated by macroeconomic factors and long-term investment strategies. As crypto markets evolve, traditional market cycles may no longer apply, signaling a shift toward broader institutional consolidation and sustained investor interest.
At the same time, a change in Washington’s attitude toward cryptocurrencies would have a greater impact, potentially bringing in trillions of dollars in capital inflows. Any pullback will be shorter and shallower than in years past, and we are in a new mainstream era for crypto.