Trump’s Crypto Order Could Alter Bitcoin’s 4-Year Cycle, Says Bitwise

Trump’s Crypto Order Could Alter Bitcoin’s 4-Year Cycle, Says Bitwise The historic four-year cycle that has defined Bitcoin’s price movements may face disruption due to President Donald Trump’s pro-crypto executive order, according to Matt Hougan, Chief Investment Officer at Bitwise. Hougan believes that the crypto market’s boom-and-bust cycle may become shorter and less severe as institutional adoption accelerates. How Trump’s Order Could Reshape Bitcoin’s Market Cycles Bitcoin’s historical four-year cycle has followed a pattern of major pullbacks in 2014, 2018, and 2022, with peaks in the intervening years. Traditionally, these downturns were triggered by market crashes, bankruptcies, and regulatory crackdowns—such as the SEC’s ICO clampdown in 2018 and the FTX collapse in 2022. However, Hougan argues that the mainstreaming of crypto under the Trump administration could soften future market corrections. He states: “The crypto space has matured; there’s a greater variety of buyers and...