US President Donald Trump‘s recent executive order on cryptocurrencies could disrupt Bitcoin‘s four-year cycle of boom and bust, according to Bitwise chief investment officer Matt Hougan.
The order in question is Trump’s January 23 executive order creating a task force led by David Sachs to make America the world’s hub for cryptocurrencies.
Hougan believes that Trump’s order to explore the possibility of creating a national cryptocurrency reserve and a regulatory framework for stablecoins will attract trillions to the crypto industry. This could disrupt Bitcoin’s four-year cycle, the expert believes.
Over the course of 16 years of existence Bitcoin has moved in a four-year cycle, posting declines in 2014, 2018, and 2022, while reaching new highs for three years between each decline. The next decline is expected in 2026, if the cycle continues.
Hougan predicts the industry will not «completely break» the four-year cycle, but «any downturn will be shorter and less severe than in previous years.»
The cryptocurrency industry has matured, with more value-oriented buyers and investors than ever before. I expect volatility, but I’m not sure we’ll see a crypto bust in 2026,” Hougan said.
He also reiterated Bitwise’s prediction that Bitcoin will hit $2025 by the end of 200,000. Importantly, kriptovalyuta will reach this mark regardless of whether the US creates a BTC reserve fund or not.