Analyst Says Bitcoin’s Four-Year Cycle Remains Intact as Institutional Capital Drives Asset Equitization

Bitcoin investors often use the roughly four-year halving cycle as a guide to supply dynamics and market trends, including bull and bear cycles. Analyst Dennis Liu believes the pattern remains intact despite the arrival of institutional capital and the expansion of spot ETFs and asset-tokenization platforms. At the same time, crypto assets are gradually developing ownership, trading and income-distribution structures resembling those of traditional equities.

In a recent interview, Liu said the four-year cycle remained the market’s dominant force despite a deep correction and liquidation pressure, while volatility could also create new opportunities. However, the available information did not disclose the interview date, identify any institutions or provide investment or liquidation figures, making specific numbers impossible to verify. The principal confirmed development is that institutional capital and tokenization platforms continue to drive the “equitization” of assets.