Bitwise: Bitcoin will hit a new high in 2026 and end its four-year cycle.

According to Odaily Planet Daily, Bitwise predicts that Bitcoin will reach a new high in 2026, ending its four-year cycle.

Crypto asset management firm Bitwise predicts that Bitcoin (BTC) will reach a new high in 2026, surpassing its current all-time high of $126,080 and ending its traditional four-year cycle.

Bitwise Chief Investment Officer Matt Hougan stated that the factors that have driven the past four-year cycles—including the impact of Bitcoin halvings, interest rate cycles, and the boom-bust cycles driven by cryptocurrency leverage—will have a significantly weaker impact in future cycles. He pointed out that with each halving, its importance to the market decreases.

Hougan anticipates interest rates will decline in 2026, and the risk of major liquidations will decrease due to relatively lower leverage and improved regulation. Meanwhile, the continued inflow of institutional funds since the approval of Bitcoin ETFs, along with favorable regulatory conditions, will drive Bitcoin to new highs.