Bitwise CIO: Bitcoin's four-year cycle may have expired, predicting positive market performance in 2026

According to Foresight News, Bitwise Chief Investment Officer Matt Hougan analyzed why Bitcoin's four-year cycle may have expired and predicted the future trends of the cryptocurrency market. He pointed out that the three key factors that formed the four-year cycle before, namely halving, interest rate cycle, and explosion risk, are all weakening. The interest rate cycle is positive, not negative, for cryptocurrencies, and the biggest cyclical risk currently emerging is the rise of fiscal companies, which is worth paying attention to and of great significance. There is a greater force moving on a timeline that is not synchronized with the previous four-year cycle. The long-term pro cryptocurrency forces will overwhelm the classic "four-year cycle" forces (if they exist), and 2026 will be a good year. Matt Hougan stated that he is confident there will be significant fluctuations, more like a 'sustained and stable prosperity' rather than a super cycle, and overall believes it can last for a few more years.