VanEck CEO: Bitcoin bottom forming as halving cycle nears end

Bitcoin trades above $68,000, with VanEck CEO citing the halving cycle as a key factor for a potential market bottom. Analysts note the correction aligns with past cycles, though further declines are possible.

Bitcoin has recently surged above $68,000, sparking renewed optimism for further gains. Jan van Eck, CEO of VanEck, suggests that Bitcoin may be forming a market bottom as the fourth year of its halving cycle approaches its end in 2026. He attributes the current bear market to Bitcoin’s predictable four-year halving pattern, which typically features three years of growth followed by a sharp correction. Van Eck notes that the current trading range of $60,000 to $70,000 mirrors corrections seen in previous cycles. Recent price action could indicate that the market is bottoming out. Research from Kaiko supports this cyclical view, showing that corrections often culminate 12 to 18 months after a halving event, with a bottom forming within the next 6 to 12 months. Despite ongoing volatility and Bitcoin still trading below its previous peak, institutional investors remain confident, as seen in strong inflows into spot Bitcoin ETFs. However, some analysts warn that Bitcoin could still decline further, possibly reaching $40,000, with June and December highlighted as potential bottom periods.