Bitwise CEO Declares Bitcoin’s Four-Year Cycle Obsolete

On November 16, Bitwise CEO Hunter Horsley asserted on X that the traditional Bitcoin four-year cycle is obsolete due to new market dynamics post-Bitcoin ETF launch.

This shift could disrupt Bitcoin’s market rhythm, as institutional flows redefine investment strategies and potentially stabilize previously volatile cycles.

Impact of ETFs on Bitcoin’s Market Cycle

He suggested a six-month bear market might be ending, aligning with expectations of renewed market structures and different participant behavior.

Market reactions reflect the changing landscape, with institutional investors now playing a more prominent role in determining price movements.

“What we’re talking about is the four-year cycle — but the reality is, this pattern is based on a bygone era of cryptocurrency… Since the launch of the Bitcoin ETF and the appointment of a new management team, we have entered a new market structure: new participants, new dynamics, new reasons for people to buy and sell. I believe we have most likely already gone through a nearly six-month bear market and are about to emerge from it.” — Hunter Horsley, CEO, Bitwise Asset Management

Institutional Influence and Future Bitcoin Stability

Did you know? Hunter Horsley’s statement on the obsolescence of Bitcoin’s four-year cycle points to the largest structural shift in crypto markets since the initial adoption of Bitcoin ETFs, potentially mitigating traditional price swings.

According to CoinMarketCap, Bitcoin has a market cap of $1.91 trillion, showing a moderate daily price change of 0.30%.

Coincu research experts suggest that the introduction of spot Bitcoin ETFs and subsequent regulatory shifts could lead to a more stable and sophisticated market environment.