The crypto market is doing something completely new. Forget the old idea of a predictable four-year cycle – that’s out the window.
Why the Old Rules Don’t Apply Anymore
Matt Hougan, a big name in crypto investing, says we’re in a whole new era. He points to two main reasons:
- The old drivers are fading: Things like Bitcoin’s halving events (which used to cause huge price swings) are having less of an impact. Plus, the crazy risks from poorly run crypto projects are decreasing thanks to better regulation.
- New, long-term trends are taking over: Think crypto ETFs, more big companies getting involved, and clearer laws around crypto. These changes are shaping the market over years, not just months.
The Big Picture: Long-Term Growth
Hougan explains that each Bitcoin halving is getting less and less important. Unlike past crashes, the current economic situation is actually pretty good for crypto. And with more regulation and established players, the market is more stable.
However, there’s a new risk to watch: huge companies that hold lots of crypto could cause short-term price swings.
But the bigger picture is positive. Crypto ETFs are bringing in a ton of new money – a trend expected to last 5-10 years. Pension funds and other big investors are starting to get involved, and new laws are making things easier for Wall Street.

Hougan predicts 2026 will be a strong year, not because of another crazy boom, but because of steady, sustained growth. He expects volatility, but believes crypto is maturing quickly.
The Charts Tell the Story
The overall crypto market is showing a clear upward trend, nearing its all-time high. The technical indicators are strong, showing increased trading volume and a solid upward trajectory. As long as the market stays above certain key levels, a big breakout is likely.
