Bitcoin Bull Market: New Reality Unveiled

Bitcoin’s Four-Year Cycle May End Amid Policy Shifts

• Matt Hougan, CIO at Bitwise, questions Bitcoin’s historical four-year cycle in a 2025 investor note.
• The cycle typically involves three years of gains followed by a pullback, mirroring traditional market patterns.
• Recent US policy changes, including an executive order from President Trump, aim to strengthen the digital asset ecosystem.
• A spot Bitcoin ETF was approved in January 2024, boosting investor inflows and acceptance.
• Bitcoin’s price surged from $22,218 in March 2023 to $105,275 at press time.

Matt Hougan suggests that recent US policy shifts and regulatory clarity could alter Bitcoin’s traditional market cycles. With Bitcoin trading at $105,275 and institutional adoption increasing, the typical market downturn may not occur in 2026.