Bitwise CIO declares “Four-year crypto cycle is dead”—is a steady, record-breaking boom next?

Matt Hougan stated that the traditional four-year crypto cycle has become irrelevant as Wall Street now plays a dominant role, shifting the focus from retail-driven trends to institutional flows.

Hougan projects a long-term growth period for cryptocurrencies rather than the usual boom-bust cycles. He forecasts significant developments in 2026, particularly for Bitcoin.