The that has defined Bitcoin’s price movements may face disruption due to , according to , Chief Investment Officer at . Hougan believes that the as institutional adoption accelerates.

Bitcoin’s historical has followed a pattern of , with peaks in the intervening years. Traditionally, these downturns were triggered by —such as the and the .

However, Hougan argues that the could . He states:

Trump’s introduced:

for digital assets

after the repeal of

Hougan believes these moves will in ways never seen before. While , a and could bring in capital.

With banks and , the may become less extreme.

Bitwise maintains its , citing as key drivers. Hougan suggests that Bitcoin , but Trump’s policies could .

While the , future market pullbacks could be shorter and shallower, signaling a new era for crypto’s price stability.