Shift in Crypto Market Dynamics Points to Steady Growth and a Potential Strong 2026

The traditional four-year cycle of the cryptocurrency market is becoming a thing of the past, according to Bitwise's investment director, Matt Hougan. He believes the old pattern of 'halving - growth - decline' no longer dominates the market, citing a weakening halving effect. Instead, he highlights ETFs, institutional investments, and capital inflows following the enactment of the GENIUS law as the main drivers. Hougan predicts a gradual and stable growth trajectory rather than a sharp super-cycle. He also suggests that 2026 could emerge as a strong year for cryptocurrencies, despite the inevitable volatility. This shift indicates a maturation of the crypto sector, moving away from purely cycle-driven momentum towards more sustained, institutionally-supported growth, potentially reducing extreme price swings and fostering more confidence among investors.