From a drop of 30% from $120,000, the market was filled with panic. But at this moment, the top investment institutions managing $5 trillion in assets offered a completely different view: Bitcoin may have entered a multi-year "super cycle."

This is not the rambling of retail investors, but a serious judgment from institutions. So, what exactly is this super cycle?

**Supply and demand imbalance is becoming evident**

Let's look at a real figure: the actual circulating supply of Bitcoin is only 16 million coins. Meanwhile, at the national level, it is being incorporated into strategic reserves, companies are allocating, and countries are following suit—what does this create? A severe supply and demand imbalance. Imagine, with supply essentially fixed and demand rapidly increasing, this always puts upward pressure on prices.

**Institutions are rewriting the game rules**

By 2025, the amount of Bitcoin purchased through spot ETFs will be 7.4 times the new production from miners. Consider this number—market buy orders are no longer dispersed but increasingly concentrated. Long-term institutional holding has changed the microstructure of the market, and this systemic buying is smoothing out those sharp fluctuations.

**The four-year cycle may be rewritten**

The traditional Bitcoin market follows a "four-year halving cycle." But now? Several institutional executives are saying this cycle might be broken. Why? Because institutional long-term holding has changed everything. Those regular pullbacks may now just be "looking back during a bull market."

**How far-fetched are the price predictions for 2026?**

Want to hear what institutions are saying?

Optimists have set targets of $140,000 to $250,000, with some even more aggressive. Conservative estimates? They say reaching $50,000 would be good. As for the bears, they warn it could fall back to the $10,000 to $70,000 range. The huge gap shows that everyone is not so certain after all.

**Three major risks cannot be ignored**

But here’s a warning. First, institutional predictions can also fail; they are not gods. Second, if a large institution suddenly starts selling off massively, a chain reaction could happen very quickly. Third, the regulatory landscape remains uncertain, and the threat of quantum computing is lurking behind the scenes.

**What exactly is this?**

The super cycle theory of Bitcoin essentially reflects the collision between the old and new financial systems. Wall Street is involved, and national-level forces are also coming in. Crypto assets, once niche and marginal, are becoming an unavoidable topic in global asset allocation.

The power of trends far exceeds short-term fluctuations. True opportunities will be seized by those who understand the trend and dare to position themselves. But don’t forget—any investment carries risks. This super cycle is neither a guaranteed gold mine nor a rigged gambling game. The key is whether you can judge rationally and withstand the uncertainties.