Bitcoin is currently valued at $87,818, reflecting a decline of 3.81% over the past month. Despite this downturn, Bitwise chief investment officer Matt Hougan asserts that the cryptocurrency could see steady returns over the next decade, albeit without extraordinary yearly gains.
During a recent appearance on CNBC, Hougan expressed confidence in a positive outlook for Bitcoin in 2026, echoing predictions he made earlier this year leading up to Bitcoin's record high of $125,100 in October. He attributes the current year-end decline to the “fast-moving retail crowd” as investors adjust their positions in light of Bitcoin's historical four-year cycle.
In contrast, ReserveOne's chief investment officer Sebastian Beau remains uncertain about the fate of Bitcoin’s cycle, noting the significant drop from the October peak and suggesting that market sentiment is divided. While some analysts caution that Bitcoin could experience further declines, Hougan emphasizes that institutional buying has lessened the severity of the current downturn compared to previous cycles.