VanEck: The four-year cycle of Bitcoin has been broken in 2025, and the trend in the next 3 to 6 months remains cautious

VanEck stated, "As we enter 2026, signals from fiscal and monetary policy are becoming increasingly clear, and the overall market is leaning more towards risk appetite. After adjustments, artificial intelligence, private credit, gold, and crypto assets are showing more attractive investment opportunities.

The market environment in 2026 presents a scenario that investors have not seen in years: a clear market outlook. Clear expectations regarding the direction of fiscal policy, monetary policy, and core investment themes support a more constructive and risk-on strategy in the market, although a high level of discernment is still required in asset selection.

In the crypto market, Bitcoin's traditional four-year cycle was broken in 2025, making short-term signals more complex. This divergence makes the outlook for the next 3-6 months lean towards cautious judgment. However, this view is not a consensus within the team, as there are still differences, with Matthew Sigel and David Schassler holding a relatively more positive view on the short-term performance of the current cycle."