– Four-year cycle end signals extended Bitcoin bull run until 2027 – Global liquidity shifts and stablecoin activity drive current market dynamics – US Treasury policies and global monetary easing boost risk asset appeal – Political support for crypto and potential policy changes enhance growth prospects

Recent discussions in the crypto community suggest the traditional four-year Bitcoin market cycle may be ending. Analysts from Bull Theory argue this cycle is not dead but delayed, projecting a Bitcoin bull run extending until 2027.

Factors Influencing the Shift

The four-year cycle's relevance is diminishing; past significant price movements were influenced more by global liquidity shifts than just Bitcoin Halving events.
Stablecoin liquidity remains high, indicating continued large-scale investor engagement.
US Treasury policies, with a current Treasury General Account (TGA) balance of $940 billion, are expected to inject surplus cash into the financial system, boosting liquidity and risk asset appeal.
Globally, China is adding liquidity, Japan has introduced a $135 billion stimulus package, Canada is easing monetary policy, and the US Fed has paused quantitative tightening measures.

Political and Monetary Conditions Favoring Bitcoin

Expansive monetary policies by major economies often cause rapid responses in risk assets like Bitcoin compared to traditional markets.
Potential reimplementation of the Supplementary Leverage Ratio (SLR) exemption could increase credit creation and market liquidity.
Political factors include potential US tax reforms and a new Federal Reserve chair favoring cryptocurrency support.

The cumulative effect of increased stablecoin liquidity, Treasury injections, global quantitative easing, and easing monetary policies suggests an extended Bitcoin uptrend rather than a typical sharp rally followed by a bear market. This indicates a prolonged growth phase potentially lasting through 2026 and into 2027.

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