Bitwise CEO says four-year crypto cycle is dead as institutional era takes hold
The Block
Bitwise CEO Hunter Horsley argues the traditional four-year crypto market cycle has ended, replaced by an era of mainstream institutional adoption and stability.Summary
Bitwise CEO Hunter Horsley asserts that the long-standing "four-year cycle" in cryptocurrency markets is no longer relevant, signaling a transition into a new regime driven by institutional participation rather than retail-focused patterns. Horsley highlights that the industry is entering an "end of the beginning" phase, where established financial giants like BlackRock validate the asset class and stablecoins attract significant capital. Furthermore, he anticipates that bitcoin will evolve beyond a store-of-value focus back toward its original utility as a payment mechanism as broader adoption matures.
(Source：The Block)