Bitwise and ReserveOne CIOs expect Bitcoin to deliver solid but unspectacular returns over the next decade

Bitwise CIO Matt Hougan and ReserveOne CIO Sebastian Bea expect Bitcoin to post solid but not exceptional returns over the next ten years. Hougan argues that post‑2024 ETF flows, regulation, tokenization and stablecoins are reshaping the market into a lower‑volatility ten‑year grind and eroding the traditional four‑year cycle. Bea and other analysts say it is still unclear whether that historic pattern is finished, while a planned $99 trillion DTCC tokenization push may help define a new phase in Bitcoin's ownership and price behavior.