The CEO of crypto asset manager Bitwise has declared that the traditional four-year crypto market cycle is dead, as institutional participation reshapes market dynamics.

He noted that with the proliferation of Bitcoin ETFs and deep engagement from traditional financial institutions, the crypto market is transitioning from retail-driven to institution-driven. This shift implies lower volatility but more sustainable long-term growth.

Bitwise specifically highlighted Strategy’s STRC product as a key catalyst for bringing Bitcoin into fixed-income markets, reflecting the broader trend of crypto assets entering mainstream finance.