Another expert joins the chorus declaring the traditional four-year crypto cycle dead. This time it’s Bitwise CEO, Hunter Horsley, who also predicts a “stunning” Bull Run 2026. According to Horsley, “Everything is lining up for a massive 2026. It’s stunning.” Although he predicts this delayed boom, the Bitwise executive also noted that the market has been in a bear phase, in retrospect, since early 2025—a trend that was masked by the relentless buying from Digital Asset Treasury (DAT) companies.
The expert bases his prediction on a fundamental structural shift in the market. Other heavy-hitting analysts, including Standard Chartered and BitMEX CEO Arthur Hayes, agree that the Bitcoin halving cycle is no longer the sole reliable price predictor. The impact of spot Bitcoin ETFs in the US, which introduce constant institutional demand, along with changing global monetary conditions, are cited as the main factors that altered the traditional crypto market dynamics.
For the Bull Run 2026 theory to be validated, the pioneering crypto must surpass its all-time high of $126,000. Standard Chartered expects this milestone to be reached in early 2026. Investors must closely monitor the absorption of BTC by treasury companies and the performance of Bitcoin ETFs, as these institutional capital flows will be the new key driver replacing the rhythm of halving events.
Source: https://x.com/HHorsley/status/1998640596144238700
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