Matt Hougan commented on Bitcoin's future and its market cycles, noting that key factors are changing.
Diminishing Influence of Halving
Matt Hougan noted that the influence of halving on Bitcoin is diminishing with each cycle. According to him, the halving effect cuts in half every cycle, making it less powerful compared to previous years.
Structural Changes in the Market
Hougan emphasizes that institutional adoption, regulatory clarity, and the rise of crypto ETFs are shaping a new market dynamic. He mentioned the following trends:
* ETF inflows mark the beginning of a multi-year trend, starting in 2024; * Institutional interest is accelerating, especially from pension funds and large investors; * Meaningful regulatory progress began in early 2025; * Wall Street has started allocating serious capital following the passage of the GENIUS Act.
Forecasts for 2026
Hougan believes that these deeper, longer-lasting trends will override old cycles. He predicts that 2026 will be a good year, driven more by mainstream adoption than by historical crypto rhythms.
Matt Hougan's insights highlight changes in the cryptocurrency market and increasing institutional attention to Bitcoin, which may lead to new market dynamics in the coming years.
