TL;DR:
- Kim claims Bitcoin’s historical four-year rhythm is dead, making way for a prolonged expansion.
- Institutional adoption and global liquidity are displacing the “halving” as the primary price driver.
- Analysts from Bitwise and BitMEX support the transition toward a market of sustained growth and lower volatility.
Recent statements from Kim suggest that the digital asset ecosystem is undergoing a profound structural transformation that could mark the end of Bitcoin’s four-year cycle. This shift in the landscape suggests that the pioneer crypto is abandoning its traditional boom-and-bust phase to initiate an expansionary “supercycle.”
Instead of relying exclusively on the supply shocks generated by halving events, the market appears to be responding strongly to global macroeconomic factors. This development suggests that Bitcoin will experience long bullish trends and less severe corrections than the crypto winters of the past.
Macro Factors and Institutional Adoption: The New Engines
The supercycle thesis is not an isolated one. In fact, Changpeng Zhao and Matt Hougan point out that regulatory reality is redefining the asset’s behavior. Therefore, Bitcoin’s integration into traditional finance drastically reduces the impact of its internal protocol mechanics.
This vision is supported by BitMEX co-founder Arthur Hayes, who argues that market liquidity and interest rates are now the dominant catalysts. Under this logic, the return of more flexible financial conditions could drive the price toward new all-time highs in a more stable manner.
Currently, with the price hovering around $90,226, technical indicators show accumulation zones that precede multi-year rallies. Thus, the current market structure seems to confirm that we are facing a sustained climb rather than a temporary bubble.
In summary, for investors, this scenario implies less dependence on halving seasonality and greater attention to international monetary policies. If this theory is correct, Bitcoin’s future will look more like a steady ascent than an emotional roller coaster.
