A major asset management firm just threw cold water on the traditional Bitcoin cycle theory. Their latest research suggests BTC could hit fresh all-time highs in 2026—but here's the twist: they're calling BS on the whole "four-year halving cycle" story that everyone keeps repeating.

The firm argues that market dynamics have evolved way beyond simplistic timing patterns. With institutional adoption accelerating and macro factors playing bigger roles, they see the old playbook as outdated. Instead of predictable peaks tied to halving events, they're eyeing a 2026 breakout driven by completely different catalysts.

Is the classic cycle narrative actually dead? Or are we just in denial about what's already changing? Either way, if a heavyweight institutional player is betting against the four-year gospel, maybe it's time to rethink what drives this market.