$HOOD
Heating UpSnapshot Window: 2026-07-12 19:00 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 27, Retweets: 44, Likes: 68, Impressions: 960
Verbatim Community Citations & Social Evidence 1 source posts analyzed
"The four-year cycle is dead... for institutions." For retail? Still alive. @Matt_Hougan tells @2084Richardson why Bitcoin can be in an institutional supercycle while retail still follows the classic four-year cycle. Catch the full interview x.com/BitcoinNews/st … [Spoken audio]: I'll tell you the mistake that we made, which may be other people in the industry made, which is that we spoke to our core audience. Now, Bitwise serves a wide variety of investors, but our primary audience is institutional. It's financial advisors, it's family offices, it's Wall Street, it's sovereign wealth funds. Those are the people we're meeting to on a day-to-day basis. And for those people, I do think the four-year cycle is dead. I know there have been a few outflows from Bitcoin ETFs, but generally speaking, the trend is up and to the right. You're seeing net inflows, net adoption, you're seeing approvals on Morgan Stanley, approvals on Merrill Lynch, integration on Wells Fargo. You're seeing all the signs of a really a super cycle of institutional adoption. And the reason we said the four year cycle was dead was those are the people we speak to every day. And I think we were right. What we missed, which is obvious in retrospect, and I feel sort of embarrassed that we missed this, but what we missed is the majority of Bitcoin is still held by retail investors. and those retail investors are entrenched in the four-year cycle. It's how the view they world. They're the ones who have historically built up leverage that gets to an excess point who have historically moved into sort of the financial engineering tools that extend market cycles and get them over their skis, things like micro strategy, things like stretch, things like Bitcoin Treasury companies, and those are the majority of the market. So look, I think the the four year cycle is actually still intact. I think it's exists because retail remains a two thirds owner of the Bitcoin that exists in the world. You do have this institutional bid which is why this cycle is more shallow than previous cycles. It's also why I think maybe we'll have even more upside in the next cycle than we have in the past because that institutional bid is real. But I think that's the disconnect. Institutions are in a 10 year super cycle. Retail is still in this four year cycle and we happen to be in that down phase crypto stocks commodities one app up to 40 times leverage no signups no surveillance no limits orange rock trade without limits
