[Bitwise CIO: "4-Year Cycle Is the Biggest Reason for BTC's Decline... Can't Stop ETF Growth"] Matt Hougan, Chief Investment Officer (CIO) of Bitwise, recently cited the four-year cycle as the biggest reason for the Bitcoin price crash, CNBC reported. In an interview, Hougan stated, "People are trying to pinpoint the cause of the Bitcoin price decline, but there's more than just one factor. Gold and AI-related stocks have recently been attracting more attention than cryptocurrencies. There's also quantum risk, and concerns about Federal Reserve Chair-nominee Kevin Warchey. All of these factors are amplified in a bear market." He added, "However, this Bitcoin weakness won't ultimately hinder the growth of cryptocurrency ETFs. The fact remains that the total Bitcoin supply is only 21 million. All derivatives demand will ultimately flow into the spot market."