**Bitwise CEO: Bitcoin’s Traditional Four-Year Cycle Is Obsolete After ETF Launch**
On November 16, Bitwise CEO Hunter Horsley took to X (formerly Twitter) to assert that the traditional four-year Bitcoin cycle is now obsolete. According to Horsley, new market dynamics resulting from the launch of Bitcoin ETFs are fundamentally changing the way Bitcoin’s market behaves.
**Changing Market Structures: The ETF Effect**
Horsley emphasized that the introduction of Bitcoin ETFs has introduced a substantial shift in the market’s composition. Institutional flows are increasingly redefining investment strategies, and these new participants could potentially stabilize the once volatile cycles that have historically characterized Bitcoin investing.
He noted, “What we’re talking about is the four-year cycle, but the reality is, this pattern is based on a bygone era of cryptocurrency. Since the launch of the Bitcoin ETF and the appointment of a new management team, we have entered a new market structure: new participants, new dynamics, new reasons for people to buy and sell. I believe we have most likely already gone through a nearly six-month bear market and are about to emerge from it.”
**Institutional Influence and Future Stability**
The presence of institutional investors is increasingly visible in the market’s day-to-day movements. As their role grows, their capital and investment strategies could further stabilize Bitcoin’s price and mitigate the large, traditional price swings tied to the old four-year cycle.
Market reactions are already beginning to reflect this changing dynamic, suggesting that the typical rhythm of boom and bust could be disrupted in favor of a more sustained and less volatile market structure.
**Did You Know?**
Hunter Horsley’s statement marks what may be the largest structural shift in crypto markets since the initial adoption of Bitcoin ETFs. The change could signal the end of traditional four-year price cycles and pave the way for new, potentially more stable market behaviors.
According to CoinMarketCap, Bitcoin currently boasts a market cap of $1.91 trillion, with moderate daily price changes hovering around 0.30%. This stability could be an early sign of the very changes Horsley has identified.
*Stay tuned for more updates as the evolving Bitcoin market structure continues to reshape the crypto landscape.*
https://bitcoinethereumnews.com/bitcoin/bitwise-ceo-declares-bitcoins-four-year-cycle-obsolete/
