Mike

bullish

Bitcoin

Bull Market

The crypto market has entered one of its bullish quarters of the year. However, nearly 278 days have passed since Bitcoin reached its all-time high of around $126,000. Meanwhile, BitGo CEO Mike Belshe says, “The next crypto bull run will be slower and far less volatile than previous ones.” Here’s when the actual Bull run will begin.
<h2 id="h-what-s-delaying-the-next-bull-run" class="wp-block-heading">What’s Delaying The Next Bull Run?</h2>
According to <a href="https://x.com/mikebelshe/status/2075751093506830504" rel="noopener noreferrer nofollow">Mike Belshe</a>, money is no longer flowing only into digital assets. Instead of chasing quick profits, more investors are putting money into real blockchain use cases that have long-term value.
One of the biggest examples is the stablecoin market, which has grown to a record $322 billion. Stablecoins are also processing nearly $76 billion in transactions every weekend, or around $38 billion a day.&nbsp;
This indicates that they are becoming part of everyday payments rather than just crypto trading.&nbsp;
Belshe says institutions are now focusing on building long-term financial infrastructure as
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “ Citi projects that the number will hit $4T by 2030. Tokenization is following the same arc.”
</blockquote>
<h2 id="h-bull-run-will-be-slower" class="wp-block-heading">Bull Run Will Be Slower</h2>
Despite Bitcoin trading below its all-time high, <a href="https://x.com/mikebelshe/status/2075751096140841266" rel="noopener noreferrer nofollow">Belshe said</a> BitGo’s custody business is seeing record demand from registered investment advisers (RIAs) and institutional investors.&nbsp;
This shows that Bitcoin is slowly moving beyond speculation and becoming a long-term reserve asset, as institutional investors have quietly begun to accumulate it.
“Slower doesn’t mean weaker. It means bitcoin is graduating from a speculative vehicle to a reserve asset.”
<h2 id="h-when-will-the-next-bull-market-begin" class="wp-block-heading">When Will The Next Bull Market Begin?</h2>
While Belshe expects a slower market cycle, crypto investor Mark Chadwick <a href="https://x.com/markchadwickx/status/2075199133712027734" rel="noopener noreferrer nofollow">noted when</a> the next bull run will begin.&nbsp;
He shared an old December 2023 post from an anonymous 4chan user who predicted Bitcoin would reach its next all-time high on October 6, 2025. And that prediction played out as Bitcoin eventually climbed to around $126,000.
That prediction was based on Bitcoin’s historical cycle timing:
<ul>
 <li>2015 ATL → 2017 ATH: 1,064 days</li>
 <li>2017 ATH → 2018 ATL: 364 days</li>
 <li>2018 ATL → 2021 ATH: 1,064 days</li>
 <li>2021 ATH → 2022 ATL: 364 days</li>
</ul>
Now, after accurately playing out the last Ath has prediction, Chadwick now believes the same pattern could repeat
<ul>
 <li>2022 ATL → 2025 ATH: 1,064 days</li>
 <li>2025 ATH → 2026 ATL: 364 days as (only 278 days have passed)</li>
</ul>
Based on this cycle, he expects the bear market to continue through the rest of 2026, with Bitcoin finding a major bottom later that year.
He believes this would be followed by an accumulation phase before the next large crypto bull market begins in 2027.
<ul>
 <li><a href="https://markets.coinpedia.org/bitcoin/" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/app_uploads/markets/cryptocurrencies/1732706235335c95cffr6tq.webp" alt="currency-symbol" width="20" height="20">BTC$ 62,198.52(-2.99%) <img src="https://image.coinpedia.org/wp-content/uploads/2024/06/08160332/top-looser-img.svg" alt="top looser" width="14" height="8"></a></li>
</ul>
<div class="profile-details-wrap d-inline-flex items-center gap-4"><a href="https://app.coinpedia.org/MikeBelshe" rel="noopener noreferrer nofollow">mike belshe</a><img src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information"><img src="https://image.coinpedia.org/app_uploads/profile/1651925008012irzubpiror.png" alt="user profile">mike belshe<a href="https://app.coinpedia.org/MikeBelshe" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/static/common/cp-arrow-up-right.svg" alt="open profile" width="16" height="16"></a>at BitGo&nbsp;Mike Belshe is based in the US and is the Co-founder and CEO of Bitgo, which launched in 2011. The organization holds a headcount of 207. Mike Belshe’s role is to drive BitGo’s product and business strategy for delivering security, compliance, and custodial solutions for blockchain-based currencies. Before establishing BitGo, Mike was instrumental as one of the original engineers involved in the development of Chrome at Google. He is the creator of the SPDY protocol and also the lead author of HTTP/2.0—the very popular internet protocol that is responsible for loading web pages today. In 2003, Mike co-founded Lookout Software, an email search company acquired by Microsoft, and holds management positions at various startups, including Netscape, Good Technology, and Critical Path. He is the creator of the world's multi-sig web wallet for Bitcoin. It allows user to store and manage their Bitcoin through a web browser, offering high risk compared to other wallet types. Mike is a well-known top Bitcoin speaker who participates in Bitcoin events across the globe.&nbsp; Quick Facts Organization Bitgo Location United States Education California Polytechnic State University&nbsp; &nbsp; Experience Cofounder &amp; CEO - BitGo from 2011 - Present Staff Software Engineer -Google from 2006 - 2011 Lookout Software co-founder from 2003 to 2004 Director of Engineering /VP of Application -Supernews from 1997 to 2001 Software Engineer- Netscape Communications from 1995 to 1997 Software Engineer- HP from 1993 to 1995&nbsp; EntrepreneurChief Executive OfficerAuthorPrincipal Engineer<a href="https://www.linkedin.com/in/mikebelshe/" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190603/li.svg" alt="linkedin"></a><a href="https://twitter.com/mikebelshe" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190602/tw.svg" alt="twitter"></a>
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The Next Crypto Bull Run Will Be Slower—BitGo CEO Explains

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