Trump’s Executive Order To Bring Trillions To Crypto, Making $200K Bitcoin Price Look Conservative, Bitwise Says

President
Donald
Trump’s
executive
order
will
inject
trillions
of
dollars
into
the
crypto
market
and
make
a
$200K
Bitcoin
price
target
look
conservative,
potentially
upending
BTC’s
four-year
cycle.

That’s
according
to
Bitwise
CIO
Matt
Hougan,
who

said
in
a
report
that
the
order’s
push
for
regulatory
clarity
and
institutional
adoption
could
extend
Bitcoin’s
bull
market
beyond
its
usual
four-year
pattern.

Hougan
said
the
order
is
”incredibly
bullish”
for
the
crypto
space
because
it
makes
growing
the
digital
asset
market
a
top
priority
and
will
set
up
a
clear
regulatory
framework
for
that.

It
also
discusses
creating
a
“national
crypto
stockpile”
that,
combined
with
the
SEC’s
pro-crypto
stance,
would
allow
major
Wall
Street
banks
and
investors
to
enter
the
market.

“The
full
mainstreaming
of
crypto—the
one
contemplated
by
Trump’s
executive
order,
where
banks
custody
crypto
alongside
other
assets,
stablecoins
are
integrated
broadly
into
the
global
payments
ecosystem,
and
the
largest
institutions
establish
positions
in
crypto—I’m
convinced
will
bring
trillions,”
said
Hougan.

Donald
Trump’s
Crypto
Order
Could
Change
Bitcoin’s
Traditional
4-Year
Cycle

Bitcoin
typically
follows
a
four-year
cycle
consisting
of
three
years
of
bull
markets
followed
by
one
year
of
a
bear
market.

????
NEW:
Trump’s
recent
crypto
executive
order
could
disrupt
the
crypto
market’s
four-year
boom
and
bust
cycle
that
it
has
seen
over
the
last
decade,
says
Bitwise
CIO
Matt
Hougan
in
his
latest
weekly
memo.

“I
expect
volatility,
but
I’m
not
sure
I’d
bet
against
crypto
in
2026,”

pic.twitter.com/i19PJq6goT

—
Phantom
(@DigitalPhantom0)

January
30,
2025

The
current
cycle
began
in
2023,
after
the
major
market
crashes
of
2022,
caused
by
scandals
and
failures,
such
as
FTX,
Three
Arrows
Capital,
Genesis,
BlockFi,
and
Celsius.

Bitwise
Says
Crypto
Pullbacks
Will
Be
Shorter
And
Less
Severe

Despite
the
latest
changes
or
developments
in
the
crypto
space,
Hougan
thinks
that
the
Bitcoin
market
might
still
follow
the
4-year
cycle: 

“Leverage
will
build
up
as
the
bull
market
builds,”
he
said.
“Excess
will
appear.
Bad
actors
will
emerge.
And
at
some
point,
there
could
be
a
sharp
pullback
when
the
market
gets
over
its
skis.”

Hougan
concluded
by
saying
that
any
pullback
in
the
crypto
market
will
likely
be
shorter
and
shallower
than
in
previous
years.
He
attributes
this
to
the
maturation
of
the
crypto
space,
with
a
broader
range
of
buyers
and
more
value-oriented
investors:

“I
expect
volatility,
but
I’m
not
sure
I’d
bet
against
crypto
in
2026,”
he
said.

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