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I was watching the crypto market movements this week and a name came to mind that probably many people don't know: Samuel Benner. He is not a modern trader, nor a quantitative analyst with sophisticated algorithms. He was an American farmer from the 19th century who developed one of the most interesting (and underrated) frameworks for understanding market cycles.
What’s fascinating about Samuel Benner is that he was not even a professional economist. He was simply an entrepreneur who experienced financial crises and economic crashes firsthand. He suffered heavy losses, rebuilt, lost again. And instead of giving up, he started looking for the common thread behind these recurring cycles. In 1875, he published "Benner's Prophecies of Future Ups and Downs in Prices," and what he discovered remains surprisingly relevant today.
The cycle Samuel Benner identified is divided into three well-defined phases. The "A" years are the panics—times when the market crashes and fear dominates. Benner noticed these recur approximately every 18-20 years. He predicted panics in 1927, 1945, 1965, 1981, 1999, 2019, and here’s the interesting part: 2035 and 2053. Looking at 2019, the crypto market indeed experienced a significant correction. Coincidence? Maybe, but the pattern is intriguing.
The "B" years are the ones to sell—when assets reach their peak and prosperity is at its maximum. According to Samuel Benner, 1926, 1945, 1962, 1980, 2007 were selling years. And here’s something interesting: 2026 is identified as a selling year in the Benner cycle. We are now in 2026, and the market is in an upward phase. This aligns perfectly with the prediction—high prices, euphoria, inflated valuations. It’s the moment when smart traders start taking profits.
The "C" years are the opposite—times to accumulate. 1931, 1942, 1958, 1985, 2012 were years when prices were low and opportunities abundant. If the Benner cycle is accurate, the next "C" year should be around 2030-2035, when panic will have run its course.
Originally, Samuel Benner applied this framework to agricultural prices—iron, corn, pigs. But what’s fascinating is how this cycle has proven applicable even to modern financial markets, from stocks to bonds, and cryptocurrencies.
In the crypto market, where emotion is amplified and volatility is the norm, Benner’s cycle takes on even greater significance. Bitcoin has its four-year halving cycle that drives booms and corrections. Ethereum follows similar patterns. The euphoria and panic characterizing crypto markets are exactly what Samuel Benner was trying to map out 150 years ago.
For those operating in crypto, the implications are concrete. During "B" years like the current 2026, the strategy should be to take profits from rallies and reduce exposure. It’s not the time to accumulate aggressively—it’s the time to lock in gains. During "C" years, instead, it’s the time to buy at low prices when panic has driven prices down.
What’s fascinating about Samuel Benner is that his work isn’t based on complex formulas or sophisticated macroeconomic theories. It’s based on a simple yet profound observation: markets follow human cycles. Booms and crises, euphoria and panic, prosperity and recession. These are not random—they are predictable because they are driven by human behaviors that repeat.
Of course, Benner’s cycle is not a crystal ball. It doesn’t predict day-to-day movements. But for those thinking in terms of long cycles and medium- to long-term strategies, it’s an incredibly useful tool. Especially in crypto, where many traders operate on emotional cycles rather than rational analysis.
Samuel Benner’s legacy is a reminder that markets are not purely chaotic. Behind the volatility, behind the noise, there are patterns. And if you learn to recognize them, you can navigate the financial landscape better. Whether you’re trading Bitcoin, Ethereum, or any other asset, understanding these cycles can make the difference between profits and significant losses.
Samuel Benner’s final lesson is simple: market timing isn’t everything, but the market cycle is everything. If it’s 2026 and the market is rising, remember that according to Benner, this is a year to sell, not to become more aggressive in buying. And if you patiently wait for the next "C" year, you’ll have the best opportunities to accumulate assets at favorable prices.