Summary
- Matt Hogan, CIO of Bitwise, stated that President Trump's crypto executive order could potentially disrupt the long-standing 4-year crypto cycle.
- He predicted that Bitcoin will double this year and surpass $200,000, emphasizing that the real driving force is market psychology and speculation.
- He added that if Trump's executive order impacts the market in 2026, it could avoid the crypto bear market.
According to crypto-specialized media The Block on the 29th (local time), Matt Hogan, Chief Investment Officer (CIO) of Bitwise, stated that "President Donald Trump's recent crypto executive order could potentially disrupt the long-standing 4-year cycle of cryptocurrencies."
He mentioned, "If we follow the classic 4-year crypto cycle, the market performed well in 2023-2024 and 2025 is expected to be a good year as well," adding, "We predict that Bitcoin (BTC) will double this year and surpass $200,000."
He continued, "The important year is 2026," explaining, "Some associate the 4-year cycle with Bitcoin halving events, but the real driving force is market psychology and speculation."
Furthermore, he analyzed, "The biggest challenge ahead is timing," noting that "it could take years, not months, for Trump's executive order to have a real impact."
Finally, he added, "If this starts to affect the market in 2026, the market could avoid the 4-year cycle's crypto bear market."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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