Will Trump’s Crypto Order Disrupt Bitcoin’s Cycle?
Bitwise Chief Investment Officer Matt Hougan said that President Donald Trump’s administrative order may have a significant impact on the four -year cycle of Bitcoin (BTC).
Although Hougan acknowledged that the market has not fully overcome the cycle, compared with previous years, he hopes that any callback is shorter and stronger.
The impact of Trump’s administrative order on the Bitcoin cycle
Hougan emphasized the president’s administrative order and the Securities and Exchange Commission (SEC) recently transformed into the latest weekly memorandum The main catalyst adopted by Bitcoin mainstreamEssence
January 23, President Trump signed a formal order Establish “National Digital Asset Inventory”. therefore, The flow of cryptocurrencies soared to $ 1.9 billion.
“It has created a way for the largest Wall Street Bank and investors to actively enter the space.” WriteEssence
According to Hogan, the current encrypted cycle began in March 2023. This is Grayscale and SEC of Bitcoin ETFEssence
ETF was launched in January 2024There are tens of billion US dollars entering the market from new investors. Nevertheless, Hougan still regards administrative orders as catalysts for more important transformations.
“However, all the mainstreamization of cryptocurrencies is considered by Trump’s administrative orders. Together with the bank’s custody of cryptocurrencies and other assets, the stable stable class is widely integrated into the global payment ecosystem. Position-I am convinced that I will bring one million dollars in Ginlabia.
especially, The four -year cycle of Bitcoin is a mode driven by halving the eventEssence The price usually goes through the accumulation stage of loser. The next step is the bull market caused by the decrease in supply and then the bear market after the peak. As the block reward of miners fell, the cycle was repeated every four years.
BTC declined in 2018, 2018 and 2022. If this model is established, the next callback may occur in 2026. Nevertheless, Hougan still remained optimistic about Crypto’s long -term trajectory.
“The encryption space has matured; more buyers and more valuable investors are more valuable than ever before. volatilityBut I’m not sure I will oppose cryptocurrencies in 2026.
He also predicts that 2025 is a good year for cryptocurrencies.
CIO said: “In the case of records, the price of Bitcoin predicts that the price of Bitcoin will double this year, higher than $ 200,000, which is driven by ETFs and Bitcoin purchases by the company and the government.”
However, Hougan added that the prediction may be conservative. In the end, he pointed out that the impact of Trump’s administrative orders and a wider regulatory transformation will be launched for several years instead of a few months.
According to Hougan, it takes at least one year to establish a new encrypted regulatory framework. In addition, Wall Street may need more time to adapt.
At the same time, CIO said that lever will be established, excess will appear, and bad actors will surface. This may lead to a sharp decline.
Nevertheless, Hogan believes in any Correction may be “short” and “shallow”. This is because the maturity and diversification of the crypto market, the foundation of value -driven investor.
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