VanEck CEO, Jan van Eck, stated that Bitcoin is approaching the market bottom. He attributed the price weakness to the four-year halving cycle of the cryptocurrency.
However, analysts remain divided on whether the traditional four-year Bitcoin cycle still influences market trends, with some arguing it may no longer be valid.
Argument for Bitcoin Bottom
Speaking on CNBC’s Power Lunch, van Eck, who leads the asset management firm worth $181.4 billion, based his analysis on the firmly coded supply structure of Bitcoin and its four-year halving cycle.
– “Our opinion for 2026 is that Bitcoin is governed by two things you know about the limited supply of Bitcoin at 21 million and the halving cycle,” he said.
– “There has been an investment cycle, Bitcoin rises for three consecutive years, and in that fourth year, it falls quite massively. 2026 is that fourth year. That’s why we are in a bear market for Bitcoin. I now think we are at the bottom,” concluded van Eck.
Research firm Kaiko supports the idea that Bitcoin’s price continues to follow historical cycle patterns. In a previous report, the firm highlighted that the drop from a peak of around $126,000 to a range of $60,000 to $70,000 corresponds to corrections seen during previous bear phases.
The report also noted that this price movement fits precisely within the historical window for cycle peaks, which typically occur 12-18 months after halving.
However, historical trends indicate that bear markets generally take 6-12 months to find a sustainable bottom. This is often marked by several failed rallies during that process.
