🚀 Bitcoin's Next Decade: Steady Gains Over Massive Spikes?
Bitwise CIO Matt Hougan shared an optimistic yet balanced outlook for the leading cryptocurrency in a recent CNBC interview. Here are the key takeaways:
📈 Long-term Returns
Hougan believes BTC will continue to deliver high returns over the next ten years. However, he suggests the era of massive intra-year price jumps may be fading as the market matures and stabilizes.
📉 Correction vs. Cycle End
Addressing the recent market pullback (roughly 30%), Hougan noted that this is significantly shallower than previous cycle-end drawdowns, which often hit 60%. He attributes the year-end volatility to retail investors exiting positions in anticipation of traditional "four-year cycle" patterns.
🏛️ Institutional Support
The primary floor for Bitcoin is now being set by institutional investors. Interestingly, Hougan remarked that the Trump administration "can do little" to directly boost the industry, implying that market fundamentals matter more than political shifts.
🔮 The 2026 Divide:
Matt Hougan (Bitwise): Remains bullish on 2026, maintaining a positive outlook.Mike McGlone (Bloomberg): Warns of a "bear case" where BTC could potentially drop to $10,000 by 2026.
As of now, Bitcoin is trading around $87,700, holding steady over the last 24 hours.
Do you think the four-year halving cycles are finally broken, or is a deep "crypto winter" coming in 2026? Let us know in the comments! 👇
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