Will Bitcoin's New Phase Change It Forever? And Is the 4-Year Cycle Dead? - Ep. 974

In this episode of Unchained, Laura Shin hosts Ryan Rasmussen and David Nage to discuss the current state of the crypto market, institutional adoption, and future trends. Ryan argues that the traditional four-year cycle is dead due to increased institutional involvement and regulatory clarity, while David draws an analogy between Bitcoin's current phase and Facebook's evolution, suggesting a rotation from early adopters to institutional investors. They explore the impact of TradFi developments like Vanguard's entry into crypto ETFs and Bank of America's recommendations, as well as the potential of tokenization and stablecoins. The conversation also covers the challenges faced by DATs and the growing interest in privacy coins, culminating in a sneak peek into 2026 with optimistic predictions for market growth driven by regulatory advancements and technological innovation.