Bankless · Monday, September 28, 2026
Ben Cowen discusses the relevance of the traditional four-year crypto cycle, noting that while deviations occur, the pattern remains broadly indicative. He compares it to the S&P 500's historical cycles, suggesting that occasional earlier bottoms don't invalidate the overall four-year trend.
“I think that, you know, with stocks, if you go back and look at the 1960s, 1970s, it would often bottom in Q4, but occasionally it would bottom earlier in the year, right? Like occasionally it would bottom like May or June. Um, but I still feel like it's sort of representative of four year cycle.”
“I tend to be more so in the camp that it is still indicative of a four-year cycle. But I could understand why some people might not necessarily agree with that.”