Bitcoin’s usual four-year cycle may be ending as new investors and regulations reshape the market

Description

Bitcoin’s four-year rhythm is slipping. A new mix of investors and policy moves is changing how the market trades and when it moves. If that pattern breaks, timing entries gets trickier for everyone who watches Bitcoin’s cycles. Matthew Hougan, chief investment officer at Bitwise Asset Management, said, “It’s not officially over until we see positive returns in 2026. But I think we will, so let’s say this: I think the 4-year cycle is over.” If he’s right, the old playbook needs a rewrite. ETFs a...