Bitwise CEO argues institutional investment is replacing the historical four-year crypto market cycle with sustained growth.
Bitwise CEO Hunter Horsley declared the traditional four-year crypto market cycle obsolete, citing rising institutional adoption as the driving force. The shift suggests a move toward long-term investment strategies over speculative trading patterns seen in previous cycles.
Historically, crypto markets followed a four-year boom-and-bust cycle tied to Bitcoin halving events. Analysts had expected the next peak in 2025, but institutional inflows may disrupt this rhythm. Major firms, including BlackRock and Fidelity, have launched crypto-related products, signaling broader acceptance.
The remarks align with recent data showing record institutional holdings in Bitcoin ETFs, though market reactions remain muted as traders assess the long-term implications.