Bitcoin (BTC) and the broader crypto market are currently struggling amid what many believe is a persistent bear market, but Bitwise's Chief Investment Officer Matt Hougan expects the asset to reach new all-time highs in 2026 due to several structural shifts in the market.
In his latest outlook, Hougan argued that the long-followed four-year Bitcoin cycle, typically driven by the halving, interest rate shifts, and leverage-fueled booms and busts, is losing its influence, which makes room for a structurally stronger market.