Matt Hougan (Bitwise) believes Bitcoin’s 4-year cycle is losing relevance as the market matures, institutional participation rises, and regulatory frameworks become clearer. Capital inflows into spot Bitcoin ETFs and legislative support like the Genius Act are fueling a longer-term growth trajectory.

CryptoQuant CEO Ki Young Ju also stated that the old accumulation-distribution model is no longer valid, as institutional investors are becoming the dominant buyers, replacing traditional whales.

Outlook: Bitcoin is entering a phase of stable, long-term growth that is less reliant on traditional halving cycles.

#Bitcoin #ETF #4YearCycle #CryptoAnalysis #InstitutionalAdoption

https://x.com/Matt_Hougan/status/1948709817125593227