An interesting observation from an interview with the head of VanEck. The company's CEO shares his view on the current state of the crypto market, and it’s quite optimistic despite the overall situation.

His position boils down to: Bitcoin follows a clear cycle — three years of growth, then one year of decline. And we are currently in that very fourth year of the cycle, so a bearish trend is not a coincidence but a pattern. Currently, prices are still about 50% below last year's peaks, but VanEck’s CEO sees signs of a bottom forming.

What gives him optimism? Two factors: the limited supply (21 million BTC) and the halving mechanism every four years, which is built into the network’s architecture. These constants create a long-term investment cycle.

In his opinion, there’s no need to overcomplicate things. We are in a bear market, but this is a normal part of the cycle. The current BTC price around $77.8K could be the bottom from which recovery begins. And looking at historical cycles, significant growth usually follows such periods.

Just an interesting perspective from someone who’s been in this space for a long time.