Bitwise CIO Declares 4-Year Crypto Cycle Over as Institutional Adoption and Regulation Reshape Market
Bitwise Asset Management Chief Investment Officer Matt Hougan has declared the end of the traditional four-year cryptocurrency cycle, signaling a structural shift in the market driven by institutional adoption and regulatory developments. During a recent discussion on Telegram, Hougan highlighted that factors previously shaping cyclical patterns—such as Bitcoin halvings—are now diminishing in influence, with larger institutional players emerging as dominant forces in the crypto ecosystem [1]. This evolution, he argues, marks the beginning of a new phase characterized by sustained, stable growth rather than the abrupt volatility seen in prior cycles.
The CIO emphasized that institutional capital is reshaping market dynamics,…
