President Trump’s recent executive order on crypto could change Bitcoin’s historical four-year cycle, says Bitwise investment chief Matt Hougan. According to Bitwise, the order, issued on January 23, aims to bring crypto into the mainstream by encouraging Wall Street and major banks to dive deeper into the space.
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Trump’s Crypto Move Fuels Wall Street’s Interest
Hougan highlighted that the combination of this order and changes at the SEC will allow financial giants to “move aggressively into the space.” With exchange-traded funds already attracting billions, Trump’s regulatory push might drive “trillions,” according to Bitwise.
Shorter Pullbacks Expected despite Cycle Persistence
Bitcoin has seen repeated boom-and-bust cycles every four years, with major crashes in 2014, 2018, and 2022. Hougan believes that while the cycle won’t vanish, future pullbacks could be “shorter and shallower.” He added, “The crypto space has matured with more value-oriented investors,” predicting $200,000 Bitcoin by 2025.
At the time of writing, Bitcoin is sitting at $105,151.25.
