COINOTAG News reports that Bitwise, a leading crypto investment firm and index fund manager, expects Bitcoin to reach a Bitcoin 2026 all-time high despite a recent two-month slip. CEO Matt Hougan highlights the four-year cycle—three years of growth followed by pullbacks—and argues 2026 may defy that pattern.

Bitwise argues the core cycle drivers—Bitcoin halving, the interest-rate environment, and leverage-driven momentum—have weakened versus prior cycles. The halving effect is seen as diminishing with each event, while rate trends and a healthier market backdrop reduce bubble risk after 2025 liquidations.

Institutional funding momentum could intensify in 2026 after the 2024 spot Bitcoin ETF approval, with major banks beginning allocations. A more pro-crypto regulatory climate post-2024 U.S. elections may attract mainstream capital and support a renewed rally in Bitcoin prices.