\n\u201cWe ran the four-year cycle last year,” Hougan said. “We\u2019re already at the bottom. I think we\u2019re coming back up.\u201d\n<\/p><\/blockquote>\n
ETF<\/a> purchases and corporate hoarding at times outpaced newly mined Bitcoin, creating a persistent bid under the market. Reports note the comparison to gold, where steady central bank buying first steadied prices and later helped fuel much bigger moves.<\/p>\n \n\u201cJust like gold eventually entered a parabolic move, Bitcoin will follow suit,” Hougan said. We\u2019re just earlier in that process.\u201d\n<\/p><\/blockquote>\n Investors are getting pickier. The next up-cycle, according to this view, will reward projects with clear use and steady activity, not every token with hype.<\/p>\n Networks tied to stablecoins<\/a>, tokenization, and real infrastructure work stand a better chance of drawing capital. Lower-quality projects that lack users or clear purpose could see little interest and remain sidelined.<\/p>\n In the middle of these structural shifts, Bitcoin\u2019s price<\/a> has kept traders busy. Recently BTC slid from earlier peaks to roughly 60,000\u201365,000 before finding buyers and moving back above 65,000 amid a broader rebound.<\/p>\nA Selective Altcoin Cycle Expected<\/h2>\n
\nBitcoin Price Action<\/p>\n