Experts are still debating whether Bitcoin’s predictable four-year cycles are at an end as institutions are getting into crypto in a big way.

Crypto markets have historically fallen into a four-year bull and bear cycles that seem to revolve around the Bitcoin halving, however, this pattern could be unravelling, according to industry analysts and experts. 

“Top 100 Bitcoin treasury companies hold almost 1 MILLION Bitcoin,” said author and investor Jason Williams in a post on X on Sunday.

“This is why the Bitcoin 4 year cycle is over.”

Matthew Hougan, chief investment officer at Bitwise Asset Management, made similar comments in an article published on Friday by CNBC. 

“It’s not officially over until we see positive returns in 2026. But I think we will, so let’s say this: I think the 4-year cycle is over,” Hougan said, echoing comments he made in July. 

For the past three market cycles, Bitcoin’s price peak has come in the year that follows the halving, namely in 2013, 2017, 2021, and now due again four years later in 2025.