According to The Block, Bitwise CEO Hunter Horsley said at Consensus 2026 in Miami that the four-year crypto market cycle is dead. “The four-year cycle stipulates that you have three years of up markets and then a year of down markets. Last year was down, so it’s over,” Horsley said during an interview at Solana Accelerate. He added that the crypto industry is entering a new era defined by mainstream institutional participation, with major traditional finance firms like Morgan Stanley now more prominent in crypto conversations than specialist exchanges.
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