🥛 'Bitcoin's glory days are over' 💀

Q: William Quigley predicts Bitcoin's 4-year cycle is dead and BTC won't see major price appreciation d

William Quigley predicts Bitcoin's 4-year cycle is dead and BTC won't see major price appreciation due to traditional market coupling

Q: Matt Hougan sees institutional bull market in crypto through stablecoins and tokenization while reta

Matt Hougan sees institutional bull market in crypto through stablecoins and tokenization while retail focuses on bleeding memecoins

Q: Midnight blockchain launched with privacy-by-default features and dual-token model using $NIGHT and

Midnight blockchain launched with privacy-by-default features and dual-token model using $NIGHT and $DUST

Milk Road·Sunday, April 12, 2026·5 min read

Crypto/Web3 Finance Technology

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AI Summary

Crypto newsletter 'Milk Road' presents bearish predictions for Bitcoin's future, suggesting the 4-year cycle is dead and BTC is now coupled to traditional markets. The newsletter also discusses institutional crypto adoption through stablecoins and analyzes how AI will disrupt internet advertising models.

Key Facts

✓William Quigley predicts Bitcoin's 4-year cycle is dead and BTC won't see major price appreciation due to traditional market coupling

✓Matt Hougan sees institutional bull market in crypto through stablecoins and tokenization while retail focuses on bleeding memecoins

✓Midnight blockchain launched with privacy-by-default features and dual-token model using $NIGHT and $DUST

Author Takes

BearishMilk Road

Bitcoin price cycles

Bitcoin's four-year cycle is dead and 10x returns unlikely due to multi-trillion dollar market cap

BearishMilk Road

Internet advertising

Internet's advertising business model is obsolete because LLMs can't be distracted like humans

BullishMilk Road

Silver vs Bitcoin

Silver could hit $300-$500 while Bitcoin faces another collapse

NeutralMilk Road

Crypto legislation

Local banks are crypto's biggest legislative enemy, not major institutions

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