Back to today’s briefing

Story perspectives

Bitcoin's Decline Mirrors Past Cycles Amid Market Shift

2/11/2026

42 8 Full Breakdown

Summary

Story summary

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, says bitcoin's decline follows the 'four-year cycle' seen in prior bear markets.
He notes investors are shifting to gold and AI stocks, amplifying market fears and referencing concerns about Federal Reserve nominee Kevin Warsh.
Hougan says there is no single cause for the pullback.
Bitcoin’s total supply remains capped at 21 million.

1 of 1

Story summary

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, says bitcoin's decline follows the 'four-year cycle' seen in prior bear markets.
He notes investors are shifting to gold and AI stocks, amplifying market fears and referencing concerns about Federal Reserve nominee Kevin Warsh.
Hougan says there is no single cause for the pullback.
Bitcoin’s total supply remains capped at 21 million.