Bitcoin’s current bull run might last much longer than people think, potentially until 2026 or even 2027. In a recent interview, Mike Alfred, who founded Alpine Fox and is a board member at Iron, said big institutions, not everyday traders, are now the main force behind Bitcoin’s rise.
In the YouTube interview with Supply Shock, he stated that exchange-traded funds (ETFs), treasury firms, and improved regulations have reshaped Bitcoin’s market structure, creating stronger and more sustainable upward momentum.
Unlike past Bitcoin runs that ended with sudden price spikes and crashes, this one looks more stable and mature. Mike said Bitcoin’s rise mainly comes from its limited supply compared to the constant printing of regular money.
As a result, large investors are making long-term investments rather than focusing on making rapid money. Additionally, the market is now stronger and safer overall as a result of the departure of dubious businesses and reckless traders.
Institutional strength and market evolution
Mike noted that the majority of Bitcoin purchases are now made by large institutions, which has helped to stabilize the market and lessen its erratic fluctuations. He pointed out that traders still act on emotions selling too soon or buying too late, while large investors keep buying. He also mentioned that Bitcoin treasury companies are starting to affect how money moves in the market, but he’s unsure if U.S. firms can copy MicroStrategy’s approach successfully.
He thinks other countries could see more creative ways for companies to hold Bitcoin because of friendlier rules and tax benefits. As more Bitcoin investment options appear, managing money has become trickier for big investors. Mike suggested keeping a solid, long-term Bitcoin holding and balancing it with safer investments that generate steady income to avoid emotional decisions.
Experts challenge the four-year cycle theory
Many experts have shared contradictory views recently. Analyst TechDev stated, “Never been a 4-year Bitcoin cycle. Never been the halving. Always been the business cycle.” Similarly, Lark Davis echoed Arthur Hayes’ view that global liquidity, not halvings, drives Bitcoin’s rallies. Hayes said, “The 4-year cycle is dead… the real top isn’t coming anytime soon.”
According to CoinMarketCap, Bitcoin is currently trading at $121,120, with a 24-hour trading volume of $75.7 billion, down 0.59% today.
Bitcoin’s next big peak might still be a long way off. With more big investors buying and money flowing into the market, this bull run could keep going strong until 2027.
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