The 4-Year Cycle Is Dead: Matt Hougan Breaks Down The New Crypto Era

Description

This year, the crypto market has entered uncharted territory. New structural dynamics are reshaping how investors view the space, calling into question the long-held belief in the classic four-year cycle. Historically, Bitcoin’s halving events and market boom-bust patterns have followed a predictable rhythm—but 2025 is breaking that mold. Matt Hougan, Chief Investment Officer at Bitwise Asset Management, believes the industry has entered a new era. In a recent analysis, he argued that the tradit...