Bitwise CIO: The Four-Year Cycle of Bitcoin Has Ended, Entering the Institutional Era

According to Financefeeds, Bitwise CIO Matt Hougan recently announced that the traditional "boom and bust" four-year cycle of Bitcoin has officially ended. With financial giants like Morgan Stanley, Merrill Lynch, and Wells Fargo actively promoting client allocations through spot ETFs, Bitcoin has officially entered the "institutional era."

Data shows that by 2025, Bitcoin's volatility may even be lower than that of Nvidia stocks, thanks to "sticky" funds like pensions and 401(k) accounts continuously absorbing market supply. Hougan expects that by 2026, Bitcoin will have a reduced correlation with traditional stock markets and will benefit from declining interest rates, increased regulatory clarity, and quantitative easing policies.

While the era of thousand-fold annual returns may be in the past, this institutional-level growth provides investors with a more sustainable long-term value preservation path.