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For over a decade, Bitcoin investors have depended on the well-known four-year cycle to navigate through bull runs, market capitulations, and the shifts triggered by halving events. As we approach 2025, this traditional roadmap appears to be becoming less relevant — prompting analysts to look for a new paradigm to understand Bitcoin’s (BTC) future trajectory.
Some experts suggest that institutional money is transforming the market landscape. Others emphasize the diminishing influence of the halving, the emergence of AI as a significant investment contender, or changing global liquidity trends that no longer align with historical models. Regardless of the reasons, one fact stands out: Bitcoin behaves differently than it once did.
In a special Cointelegraph interview, Jeff Park, partner and chief investment officer at ProCap BTC, critiques the assumptions surrounding the four-year cycle, positing that Bitcoin may be moving toward a more rapid, dynamic two-year cycle.
Park contends that the market dynamics for Bitcoin have changed fundamentally, with institutional investments driven by different incentives compared to retail investors.
A key point in Park’s argument is a bold notion: shorter cycles could significantly alter how investors approach timing, volatility, and Bitcoin’s anticipated trajectory through 2026.
He also explores why certain players favor short-term downturns, how liquidity trends interact with this new cycle, and the potential implications for the next significant price movement.
Check out the full interview with Jeff Park on the Cointelegraph YouTube channel for an in-depth analysis of the two-year cycle theory and its potential impact on Bitcoin’s future.
