The CEO of BitcoinOS announced that Bitcoin may be entering a “supercycle.” Edan Yago said that if the cryptocurrency holds its strength into the new year, the traditional four-year cycle could be considered broken. In this case, the market may shift into a phase of pure price discovery.
Scott Melker noted that institutional interest remains solid: according to a recent report, 61% of major companies plan to increase their crypto allocations by the end of the year. He said this indicates growing long-term demand despite short-term volatility.
Government activity is also supporting confidence: Kazakhstan is discussing the creation of a Bitcoin reserve, the UK is pushing a bill to remove taxes on BTC, and the Czech Republic offers benefits for long-term holders. Both Yago and Melker believe that current price fluctuations do not prevent institutions and governments from continuing to accumulate Bitcoin.