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Bitcoin's 4-year cycle ends as institutional inflows reshape its market dynamics, says Michael Saylor.

Market News
05 Jul 2026, 13:17 WIB
UToday
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Bullish
Bitcoin's 4-year cycle ends as institutional inflows reshape its market dynamics, says Michael Saylor.

Michael Saylor, chairman of MicroStrategy, declares the traditional 4-year Bitcoin cycle tied to halving and retail demand is over. Bitcoin is evolving into a form of global digital capital driven by large institutional inflows such as spot ETFs, corporate treasuries, sovereign funds, and interbank instruments. This shift marks a move from retail-driven cycles to a more liquid market dominated by balance sheets. Saylor also warns of risks from "paper Bitcoin," emphasizing the need for custodian transparency and proof of reserves to protect investors as Bitcoin's role stabilizes and grows more conservative over the next decade.

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