THE DEBATE OF THE 4-YEAR BITCOIN CYCLE IS HEATING UP 🟢
- 4-Year Cycle Team
• BTC has already had an 8x since the 2022 low - it aligns with the classic pattern.
• Altcoins did not rise because there is no strong narrative like the ICOs (2017) or the NFTs (2021).
- "The Cycle is Dead" Team
• Grayscale, CZ, Lynn Alden say that institutional demand changed everything.
• BTC reached a new ATH before the halving in 2024 - this has never happened before.
• BTC is -2.5% YTD when historically this should be a year of strong growth.
• Without an explosive peak, altcoins remain flat or worse compared to 4 years ago.
• Bernstein: BTC may be entering a longer institutional supercycle, not a classic halving cycle.
• ETF outflows remain below 5% even with 30% corrections - long-term demand is solid as a rock.
• Bernstein's long-term target: $1M by 2033.
• JPMorgan sees BTC at $170K in 6-12 months and potentially $200K by 2027.
Who is right? Believers in the cycle or believers in the supercycle? 🚀 $BTC
