According to statements by Bitwise CEO Matt Hougan, the traditional four-year crypto cycle has become irrelevant due to the rising influence of institutional investors and new financial instruments.
Change in Crypto Cycles
Matt Hougan announced the end of the four-year crypto cycle. This statement reflects changes attributed to institutional dominance and new financial products such as Bitcoin ETFs. Hougan characterized current market conditions as a "sustained steady boom."
Influence of Institutional Investors
Hougan noted that regulation and institutional flows have significantly altered market dynamics. Larger players in the market have begun to exert more influence on stability, indicating a shift away from traditional halving-driven cycles.
Future of the Crypto Market
Market behavior is changing with the introduction of Bitcoin ETFs and increased institutional interest, leading to reduced reliance on halving events. Bitcoin and Ethereum have emerged as primary beneficiaries of institutional interest, signaling more predictable market patterns.
Hougan's insights suggest a new era where technological advancements and regulatory innovations support sustainable growth, diminishing the impact of traditional cycles on the crypto market.
