According to Edan Yago, CEO and co-founder of BitcoinOS, the market may be on the verge of a paradigm shift.
“If Bitcoin’s price holds up into the new year, then we are in totally new territory,” he said while talking to TheStreet Roundtable host Scott Melker.
"And no one, I think, will be able to still argue that the four-year cycle is playing out at all as expected. And I think at that point, all bets are off, and we're into pure discovery."
Yago and Melker suggested that if BTC maintains strength beyond December, it could mark the end of the traditional four-year halving cycle narrative and the start of a so-called “supercycle” driven by institutional and sovereign accumulation.
"The cycle should end within a month," Yago said.
Institutions and Governments Continue Bitcoin Accumulation
Melker noted that institutions are showing renewed appetite for digital assets heading into the final quarter of the year.
A recent report cited during the conversation found that 61% of institutions plan to increase their crypto allocations before the end of the year, underscoring continued confidence in the asset class despite short-term market corrections.
Momentum is building among global governments as well.
Yago cited the example of Taiwan, Kazakhstan, and the United Kingdom, which have all seen lawmakers float proposals to formally include Bitcoin in national reserves.
In Kazakhstan, authorities reportedly plan to seize roughly $1 billion worth of cryptocurrency from citizens as part of an initiative to create a national Bitcoin reserve.
In the United Kingdom, Reform Party figure Nigel Farage has introduced a parliamentary bill aimed at eliminating taxes on Bitcoin transactions and establishing a government-held reserve.
Meanwhile, the Czech Republic has already implemented favorable policies: Bitcoin holders who “hodl” for three years or more are exempt from capital gains taxes, and the nation’s central bank has begun experimenting with holding Bitcoin and stablecoins as part of a pilot reserve program.
"We have this clear accumulation of crypto assets, clear interest still in the class. And I think maybe the bigger story is this blip in price action is not in any way stalling that anywhere. Governments, institutions, none of them," Melker said.