[VanEck: Bitcoin's Four-Year Cycle Was Broken in 2025, Market Outlook Remains Cautious in the Next 3 to 6 Months] BlockBeats News, January 13, VanEck published an article stating, 'Heading into 2026, fiscal and monetary policy signals are becoming increasingly clear. The market as a whole is leaning more toward risk appetite, and after adjustments, artificial intelligence, private credit, gold, and crypto assets are presenting more attractive investment opportunities. The market environment in 2026 presents a landscape that investors have not seen in years: a clear market outlook. Clear expectations surrounding fiscal policy, monetary policy direction, and core investment themes provide support for the market to adopt more constructive and risk-oriented strategies, although careful selection of assets remains crucial. In the crypto market, Bitcoin's traditional four-year cycle was broken in 2025, making short-term signals more complex. This deviation leads to a more cautious outlook for the next 3–6 months. However, this view is not a consensus within the team, as there are differing opinions. Matthew Sigel and David Schassler hold a relatively more optimistic view of the short-term performance of the current cycle.'