Supply Shock Why This Bitcoin Cycle Could Last Until 2027 | Mike Alfred
Oct 9, 2025
Mike Alfred, Founder & Managing Partner at Alpine Fox, shares insights on why the current Bitcoin bull run might extend until 2026-27. He discusses the game-changing role of institutional investors and treasury companies, and how retail interest remains subdued. Alfred evaluates overhyped narratives around miners and emphasizes fundamental investing strategies. He also highlights the evolving consumer access to Bitcoin, predicting a shift towards user-friendly apps and the importance of differentiating between Bitcoin and its proxies.
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Cycle May Extend Into 2026–27
- Mike Alfred expects this Bitcoin cycle to stretch into 2026–27 due to stronger institutional involvement and macro liquidity.
- He warns selling too early risks chasing higher prices later.
Institutions Drive The Current Rally
- Institutional buyers like ETFs and treasury companies have dominated this cycle while retail remains underexposed.
- As long as fiat supply outpaces Bitcoin issuance, price should trend upward over time.
Don't Wait For A Single Catalyst
- Expect prices to rise without a neat headline; don't wait for a catalyst to justify gains.
- Focus on supply-demand math and reflexivity instead of hunting for a single news event.