Bitcoin Thesis Never Been Stronger: Bitwise
Summary
Bitcoin hovers near the lower end of its trading range, facing its steepest monthly decline since 2022, despite a resurgence in global financial markets' risk appetite, according to Bloomberg. This trend highlights ongoing volatility in cryptocurrency markets.
Key Insights
What is the 'Bitcoin thesis' according to Bitwise?
Bitwise's Bitcoin thesis refers to their bullish outlook that Bitcoin will break the traditional four-year halving cycle, achieve new all-time highs, experience reduced volatility compared to stocks like Nvidia, and benefit from ETFs absorbing over 100% of new Bitcoin supply due to strong institutional demand and regulatory clarity.
What is the four-year cycle in Bitcoin and why does Bitwise predict it will break in 2026?
The four-year cycle in Bitcoin refers to the historical pattern of price surges post-halving events every four years, followed by downturns; Bitwise predicts it will break in 2026 due to sustained institutional accumulation, ETF demand exceeding new supply, declining volatility, and a shift to steady macro demand replacing halving-driven volatility.