Bitcoin Halving Cycles? No Longer Key, Says Bitwise's Matt Hougan

  • Matt Hougan, Chief Investment Officer at Bitwise Asset Management, says the era of crypto's traditional four-year market cycle is over. What Happened: In an X post on Friday, Hougan pointed to structural changes in the market, led by spot ETF flows, regulatory clarity, and deepening institutional participation as evidence that the halving-driven boom-and-bust rhythm is giving way to a more sustained, multi-year growth trajectory.