💸 Bitcoin’s 4-year cycle? “Dead,” says Bitwise CIO

Matt Hougan from Bitwise just dropped a hot take: the classic halving-based BTC cycle is over.
Why? 🔹 Halvings used to shock supply — now constant buying from institutions overrides that. 🔹 Market crashes? Less likely with stronger regulation and institutional backing. 🔹 The new force: ETF inflows, just warming up.
Legislation like the GENIUS Act is letting Wall Street flood in — and they’re bringing billions.

Hougan predicts not a supercycle, but a “steady, sustainable boom” through 2026 — with plenty of volatility along the way. 🌀