{"id":148358,"date":"2025-02-02T09:00:39","date_gmt":"2025-02-02T07:00:39","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148358"},"modified":"2025-02-01T23:56:08","modified_gmt":"2025-02-01T21:56:08","slug":"bitcoins-future-may-break-away-from-traditional-cycles-says-bitwise-cio","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoins-future-may-break-away-from-traditional-cycles-says-bitwise-cio\/","title":{"rendered":"Bitcoin\u2019s Future May Break Away from Traditional Cycles, Says Bitwise CIO"},"content":{"rendered":"

While 2025 is still expected to be a bullish year, Hougan warns that 2026 could take a different path, diverging from past trends due to shifting macroeconomic conditions.<\/p>\n

In a recent letter to investors, Hougan challenged the idea that Bitcoin\u2019s price<\/a><\/strong> movements are primarily driven by halving events. He pointed to regulatory shifts and broader economic forces as the key catalysts shaping the market. Historically, Bitcoin has experienced strong rallies followed by sharp corrections\u2014such as the Mt. Gox collapse in 2014 and the SEC\u2019s crackdown on ICOs in 2018. However, Hougan argues that recent events signal a fundamental shift.<\/p>\n

One major turning point, he noted, was Grayscale\u2019s legal victory against the SEC in 2023, which ultimately paved the way for Bitcoin ETFs in early 2024. This institutional gateway helped push Bitcoin from $22,218 in early 2023 to over $102,000. Additionally, U.S. policy decisions, including executive actions from Donald Trump, have played a growing role in shaping the market.<\/p>