Bitwise Asset Management European head Bradley Duke talked with Proactive's Stephen Gunnion about Bitcoin’s recent price movements, the outlook for 2026, and whether the traditional four-year cycle has now been disrupted. Duke stated that the historical four-year cycle, marked by three bullish years followed by one down year, appears to have ended. Despite Bitcoin reaching an all-time high of over $126,000 in October 2025, the market closed the year down 4%, which Duke attributed to profit-taking by early holders, a phenomenon he referred to as a “silent IPO.” He explained that institutional adoption through Bitcoin ETPs was a key driver in 2025 and continues to be influential, with Bitcoin ETP inflows even surpassing those of gold. This trend, alongside ongoing macroeconomic tailwinds and the global expansion of money supply, is expected to continue supporting Bitcoin’s upward movement. Duke also highlighted Bitwise’s forecast that Bitcoin volatility will remain below that of leading tech stocks like Nvidia throughout 2026. "The volatility of Bitcoin currently is already, on a rolling average, fallen below Nvidia," he noted. While Bitwise has not set a specific price target for 2026, Duke said the firm is confident Bitcoin will reach new all-time highs this year. For more interviews like this, visit Proactive's YouTube channel. Don’t forget to like the video, subscribe to the channel, and enable notifications for future updates. #Bitcoin2026 #BitwiseAssetManagement #BradleyDuke #CryptoInvesting #BitcoinETP #CryptoVolatility #DigitalAssets #CryptoMarketOutlook #BTCvsNvidia #InstitutionalCrypto #CryptoNews #BitcoinCycle #ProactiveInvestors