Where’s the Bitcoin Rally? Why Bitwise Still Thinks It’s Coming

Why hasn’t Bitcoin rallied as many investors expected? Bitwise’s Ryan Rasmussen joins us to discuss Bitcoin’s current market cycle, ETF flows, investor sentiment, macroeconomic conditions, and what could shape the market through the rest of 2026. We look at why Bitcoin has struggled to regain momentum, what institutional investors are watching, how capital flows are changing across global markets, and Bitwise’s long-term outlook for Bitcoin. This interview is for informational and educational purposes only and does not constitute investment advice. 00:00 Bitcoin’s Four-Year Cycle 02:40 Bitcoin ETF Performance 03:28 Is the Crypto Winter Ending? 04:50 Where Investor Capital Is Moving 05:50 Crypto vs. Stocks 06:42 What Could Bring Investors Back to Bitcoin 09:30 Global Debt and Bitcoin 10:14 Bitcoin vs. the S&P 500 13:07 What Could Drive Bitcoin in Q4 15:09 Bitwise’s Long-Term Bitcoin Outlook 15:45 Institutional Bitcoin Adoption 18:00 Bitcoin in Institutional Portfolios #Bitcoin #Bitwise #Crypto #BTC Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.