Bitcoin Cycle Shift: Grayscale Claims BTC May Have Already Bottomed

Grayscale is shaking up market expectations by suggesting that Bitcoin may have hit its cycle low earlier than the traditional four-year pattern suggests. Zach Pandl, Grayscale's head of research, posits that Bitcoin has 'grown up,' transitioning from a purely speculative asset to one heavily influenced by macroeconomic drivers.

This shift implies that Bitcoin's price action is now deeply intertwined with Fed decisions and global economic stability. If interest rates remain controlled and economic growth holds, the asset may have already passed its bottom, potentially decoupling from the historical September or October lows predicted by many analysts.

In a recent report, Pandl noted that if the Federal Reserve avoids further rate hikes and economic growth remains steady, Bitcoin's price may have already found its floor. This perspective challenges the standard four-year cycle theory, suggesting that the maturation of the asset is fundamentally changing how it reacts to global liquidity and monetary policy.