**Bitwise CEO Hunter Horsley Declares the Four-Year Crypto Cycle Dead, Citing Market Maturity Driven by Bitcoin ETFs and Regulatory Shifts**

Hunter Horsley, CEO of investment firm Bitwise, has declared that the traditional four-year crypto cycle is no longer relevant. According to Horsley, this cycle has been replaced by a more mature market structure shaped by the introduction of Bitcoin ETFs and significant regulatory changes in the United States.

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### A New Market Structure Emerges

In a recent post on X (formerly Twitter), Horsley explained that the old four-year market cycle belongs to a “bygone era” of cryptocurrency. He emphasized that the market has evolved considerably, stating:

> “Since the introduction of the Bitcoin ETFs and new administration, we’ve seen a new market structure, new players, new dynamics, new reasons people buy and sell.”

This shift marks a fundamental change in how the crypto market functions. The landscape now includes fresh participants and novel market behaviors, moving away from the volatility often driven by retail investors in the past.

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### Optimism Amid Recent Market Turbulence

Despite the sharp downturn in asset prices and investor sentiment observed during October and November, Horsley remains optimistic about the crypto market’s long-term fundamentals. He suggested that the market has likely been in a bear phase for almost six months and that the end of this phase is near.

“The setup for crypto right now has never been better,” Horsley commented, highlighting the positive outlook despite recent challenges.

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### Institutional Adoption and Regulatory Tailwinds

A major driver behind this market evolution is the growing involvement of institutional investors. Unlike previous cycles primarily influenced by retail traders, today’s crypto market sees substantial capital inflows from large institutions. This influx brings different trading patterns and stability to the market.

Regulatory clarity has also improved, shifting from a historical headwind to a supportive tailwind for crypto assets. The pro-crypto regulatory pivot, particularly in the U.S., fosters a constructive environment for investors. According to Horsley, the White House and lawmakers are playing an active role in shaping policies that facilitate more open interaction with cryptocurrencies.

This positive regulatory climate is a game-changer, contributing to a more stabilized and predictable market. The presence of institutional capital reduces reliance on retail sentiment swings and curbs extreme volatility.

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### Perspectives on Market Liquidity and Price Movements

Financial educator Robert Kiyosaki has attributed recent crypto market downturns to low liquidity levels. Kiyosaki forecasts that prices for cryptocurrencies and precious metals could rise as governments resort to printing more money to finance budget deficits, potentially fueling asset price increases.

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### Looking Ahead: A More Mature Crypto Market

Hunter Horsley’s insights signal a new era for the crypto market—one characterized by maturity, stability, and sustained growth. The integration of Bitcoin ETFs, combined with clearer regulatory frameworks and institutional participation, sets the stage for broader adoption and long-term expansion.

As the market transitions away from volatile four-year cycles toward a more structured environment, investors may find new opportunities grounded in fundamental strengths rather than speculative hype.

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*Related Reading: [Harvard Boosts Bitcoin ETF Position by 257% in Latest 13F | Live Bitcoin News](#)*
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