Extended Crypto Cycle Ahead, Says Bitwise CIO as Bitcoin Hits $110K

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Bitcoin Hits $110K: Is Your Wallet Ready for the Wild Ride? 🚀💰

So, Bitcoin just decided to throw a party and invited everyone by soaring past $110,000! 🎉 Meanwhile, the U.S. is finally warming up to the idea of pro-crypto regulation. It’s like watching your parents finally accept that you’re not just a phase. Industry insiders, including Bitwise’s Chief Investment Officer, Matt Hougan, are predicting a bull market that’s not just long, but also more powerful than your morning coffee. ☕

In a recent post on X (formerly known as Twitter, because who doesn’t love a good rebranding?), Hougan urged investors to rethink their timelines. Forget the old four-year boom-and-bust cycle; we’re entering a new era where the bull run has room to stretch like a cat after a long nap. đŸ±

So, what’s fueling this extended cycle? And how long could it really last? Let’s dive in!

Regulation Eases, Innovation Takes Off

Hougan believes the crypto industry is finally breaking free from the chains of the past few years. It’s like watching a superhero emerge from a phone booth, but instead of a cape, it’s wearing blockchain technology.

“Applications and real-world use cases were artificially suppressed by the hostile regulatory environment of 2020-2024,” he said. “But the infrastructure kept improving, and is now remarkably robust.”

Now that those barriers are crumbling like a stale cookie, technologies like stablecoins, DeFi, tokenization, and DePin are ready to grow faster than your neighbor’s grass after a rainstorm. đŸŒ± Hougan describes this moment as a “coiled spring,” suggesting that a big surge in adoption could be just around the corner. Or maybe it’s just hiding behind the couch. Who knows?

Bitcoin Hits $110K – Could $150K Be Next?

The numbers are backing him up. Bitcoin’s $110,000 milestone was as unthinkable last cycle as wearing socks with sandals. And a recovery could push it to $150,000 or beyond. Can you imagine? That kind of growth would mark a shift away from the short-lived rallies of the past and show that the market is maturing, like a fine cheese. 🧀

Trump’s Return Gives Crypto a Boost

The political climate in the U.S. is changing faster than you can say “Make America Great Again.” Since Donald Trump’s return to the White House, crypto has seen a sharp turn in its favor. The SEC has dropped multiple cases against crypto companies, and the White House just hosted its first crypto convention. I mean, who doesn’t love a good convention? 🎊

With the government showing more support, institutional investors are stepping in. That’s a big difference from previous cycles, which were largely driven by retail traders. Hougan says this broader backing could help extend the bull run. “This cycle won’t fade away as it did previously,” he noted. And honestly, who doesn’t want a bull run that sticks around for a while?

Hougan is feeling optimistic about what’s next. In a recent interview, he predicted a “fantastic” second half of the year for crypto. With institutional demand on the rise and fewer regulatory hurdles, crypto is finally finding its place in mainstream finance. It’s like that awkward kid in high school who finally gets invited to the cool kids’ table.

Time to Rethink the Crypto Playbook

Hougan’s long-term outlook isn’t new. Back in January, he said a crypto winter in 2026 was unlikely. And with Bitcoin’s next halving not expected until 2028, the timeline for the current cycle could stretch far beyond what we’re used to. It’s like waiting for your favorite TV show to come back after a cliffhanger.

For investors, that means adjusting to a new kind of market, one that includes big institutions, stronger government support, and a growing list of real-world use cases. The next downturn may still come, but this time, the industry may be more prepared than ever to bounce back. Like a rubber band, but with more money involved. 💾

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2025-06-11 13:23