Bitwise CIO Matt Hougan just dropped a piece in WSJ: "Bitcoin Is Right on Schedule"
His thesis? Stop using the old 4-year cycle playbook. The game has changed.
Why this cycle is different:
• Spot ETFs are live
• Institutions are stacking
• Regulatory clarity improving
• Fiat debasement fears hitting mainstream
These aren't minor tweaks. They're structural shifts in how $BTC trades and who's buying.
The old models are breaking. Adapt or get left behind.
His thesis? Stop using the old 4-year cycle playbook. The game has changed.
Why this cycle is different:
• Spot ETFs are live
• Institutions are stacking
• Regulatory clarity improving
• Fiat debasement fears hitting mainstream
These aren't minor tweaks. They're structural shifts in how $BTC trades and who's buying.
The old models are breaking. Adapt or get left behind.
