Bitcoin Could Experience Continued Upside Beyond 2025 Amid Shifting Market Cycles, Says Bitwise Executive

Key Points

1. Bitcoin's price is currently at $118,169, up over 10% in 30 days, indicating strong market momentum.

2. Matt Hougan argues that Bitcoin's four-year cycle is ending due to diminishing halving impact, favorable interest rates, and reduced risk of sharp corrections.

3. Regulatory improvements and institutional adoption are creating a safer environment for investors, supporting Bitcoin's long-term growth.

4. Hougan forecasts a 'sustained steady boom' rather than a rapid super-cycle rally, with 2026 expected to be a key uptrend year.

5. Potential risks include vulnerability of firms accumulating Bitcoin through debt or stock issuance, which could trigger market stress during price drops.