Bitcoin’s New 2-Year Cycle? What It Means for 2026

Is the four-year Bitcoin cycle becoming obsolete? In this Cointelegraph interview, Jeff Park, partner and CIO at ProCap BTC, breaks down why Bitcoin may be shifting toward a faster and more dynamic two-year cycle. He explores how institutional flows, ETF-driven behavior, and changing liquidity conditions could be reshaping Bitcoin’s market structure in ways that no longer align with past patterns. Park also discusses how this potential shift might influence volatility, long-term price trajectories, and the broader macro environment leading into 2026. 00:00 – Intro 00:30 – Is the 4-Year Bitcoin Cycle Dead? 01:31 – Why Do Bitcoin Cycles Exist? 05:12 – Are Institutional Flows Creating a New 2-Year Cycle? 07:11 – Who Are the New Marginal Sellers? 07:50 – How Do Institutions Behave Differently From Retail? 11:25 – Why Do You Want Bitcoin to End the Year in the Red? 14:26 – Did the 4-Year Cycle Ever Really Exist? 15:57 – Is Bitcoin Just Following Global Liquidity? 19:47 – What Do You Think of Raoul Pal’s 5-Year Cycle Theory? 22:03 – Is Bitcoin Risk-On, Risk-Off, or Something Else? 23:13 – Outro Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.