Yesterday, I came across an interview with a major investment fund, where the CEO shared an interesting opinion about the current state of the crypto market. According to him, Bitcoin has already gone through the harshest shocks and is now forming a bottom.

What caught my attention was his analysis of cyclicality. It turns out that Bitcoin has a clear pattern: three years of growth followed by a serious correction in the fourth year. And 2026 is exactly that fourth year. The CEO emphasized that this is a completely natural process related to halving, when the reward for miners is cut in half every four years.

In his opinion, many people overcomplicate the situation, although everything is actually logical. The current bear market is not the end of the world but rather a transitional period. The CEO of this large fund is confident that we are at the point where the foundation for the next growth cycle is beginning to form.

Of course, the market is still 50% below last October’s peaks, but the CEO sees this not as a reason for panic but rather as a positive signal. The limited supply of Bitcoin to 21 million coins remains the main fundamental factor of its value. And if you believe in this analysis, we are at the most interesting point in the cycle — when fear is at its peak, but recovery is already close.