Fidelity's Jurrien Timmer: Expect lame 2026 as four-year bitcoin cycle appears intact
The article discusses the ongoing debate about Bitcoin's traditional four-year price cycle linked to its halving events, which historically trigger significant price increases followed by sharp declines. While some industry figures like Bitwise's Matt Hougan and ARK Invest's Cathie Wood argue that Bitcoin's integration into traditional finance through ETFs and institutional acceptance diminishes the relevance of this cycle, Fidelity's director of global macro, Jurrien Timmer, maintains that the cycle remains intact. Timmer points out that the recent bull market peak at $125,000 aligns with past patterns and anticipates a bear market or "winter" lasting about a year, potentially making 2026 a subdued year for Bitcoin. He identifies a support range between $65,000 and $75,000. The article highlights differing perspectives but leans on Timmer's view that the four-year cycle continues to influence Bitcoin's price dynamics.