TechFlow News — On January 8, according to Financefeeds, Bitwise CIO Matt Hougan recently announced that Bitcoin’s traditional four-year "boom and bust" cycle has officially ended. With financial giants such as Morgan Stanley, Merrill Lynch, and Wells Fargo actively facilitating client allocations through spot ETFs, Bitcoin has formally entered the "institutional era."
Data shows that in 2025, Bitcoin's volatility was even lower than that of Nvidia stock, thanks to persistent demand from "sticky" capital sources such as pension funds and 401(k) accounts steadily absorbing market supply. Hougan expects Bitcoin’s correlation with traditional equities to decrease by 2026, benefiting from falling interest rates, increased regulatory clarity, and quantitative easing policies.
While the era of thousand-fold annual returns may be over, this institutional-grade growth offers investors a more sustainable path for long-term value preservation.
