TRUMP'S ORDER COULD BREAK CRYPTO'S 4-YEAR CYCLE, here's why
Trump Pushes Crypto into the Mainstream? Bitwise CIO Predicts Bitcoin $200K by 2025
Bitwise Chief Investment Officer Matt Hougan believes President Donald Trump's executive order on January 23 could be a major catalyst for mass adoption of crypto. The new SEC regulation also paves the way for banks and Wall Street to enter the market more aggressively.
Hougan highlighted Bitcoin's 4-year cycle pattern, where after major drops in 2014, 2018, and 2022, there is always a recovery. While this cycle could continue, he predicts that corrections will be shorter and less deep in the future, as the industry matures and institutional investors increase.
Another factor driving crypto's legitimacy is the repeal of the SEC's previous rules that hampered crypto custodian services. While the implementation of this new policy will take time, the impact could be huge.
Hougan remains optimistic about the market outlook and reiterated Bitwise’s bold prediction: Bitcoin could reach $200,000 by the end of 2025, with or without a government-designed Bitcoin reserve strategy.