Bitwise CIO Matt Hougan Reveals How Trump’s Crypto Order Will Impact Bitcoin
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Bitwise CIO Matt Hougan has suggested that the four-year cycle that has previously characterised Bitcoin could be disrupted by the latest executive order from president of the United States, Donald Trump. The cycle that has alternatively shown gains for three years and then a correction may not occur in 2026 as expected. Bitwise CIO: Donald Trump Crypto Order Could Disrupt Bitcoin According to Bitwise CIO Matt Hougan in a recent note, president Donald Trump executive order may extend Bitcoin’s bull market. BTC has usually been in a four-year cycle which is characterized by three years of Bull market and one year of Bear market. But, as Hougan pointed out, the new regulatory transparency and institutional participation may alter this trend. Hougan explained that Bitcoin current market cycle started in 2023, following the deleveraging that occurred in 2022 due to failure of large-scale crypto projects. The spot Bitcoin ETFs approvals and launches in early 2024 contributed to the present price surge. More so, Bitwise CIO predicted Bitcoin to reach $200,000 in 2025, driven by increased institutional participation and corporate investment. Matt Hougan commented, “We’re on the record predicting that bitcoin’s price will double this year to above $200,000, driven by flows into ETFs and Bitcoin purchases by corporations and governments. That may turn out to be conservative.” This development comes just days after the crypto market faced a sharp downturn, wiping out $120 billion in value as Bitcoin and Ethereum led the decline. Bitwise CIO Matt Hougan discussed the crash, highlighting BTC historical tendency to dip alongside equities but rebound strongly over time. Citing past data, he noted that Bitcoin typically sees an average 189% gain within a year after such corrections, suggesting a potential reversal ahead. Institutional Adoption and Market Expansion Bitwise CIO revealed that one of the critical aspects…
Filed under: News - @ January 30, 2025 10:25 am