Bitcoin may face one final decline before cycle recovery, Hashdex CIO says

Hashdex's Samir Kerbage says Bitcoin's historical four year cycle is changing as market volatility declines and institutional adoption expands. Bitcoin may have already reached its bear market bottom or could face one final decline as its historical four year cycle evolves, according to Samir Kerbage, chief investment officer at crypto asset manager Hashdex. The assessment comes as Bitcoin fell below $70,000 on Friday, extending a selloff that has pushed the asset roughly 45% below its October 2025 peak of approximately $126,000.