Bitwise CIO Matt Hougan says the crypto market is anchored to the mistaken psychological mannequin. Talking on the Empire podcast recorded 5 December and launched on 8 December, he argued that the standard “four-year Bitcoin cycle” has misplaced its explanatory energy – and that 2026, which many anticipate to be a brutal post-halving down 12 months, is way extra prone to be an “up 12 months” pushed by institutional flows and regulatory tailwinds.
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