Matt Hougan, Chief Investment Officer (CIO) at Bitwise, predicted, “In the next Bitcoin (BTC) market cycle, MicroStrategy's (MSTR) influence will diminish, and institutional investors will emerge as the key buying force.” Hougan explained, "With the change in STRC's operating method, MicroStrategy can now dispose of BTC if necessary to secure funds for dividend payments. While I don't expect them to engage in large-scale selling, the system has changed, allowing them to choose both buying and selling depending on market conditions. He added, "If the BTC price rebounds, the net buying trend will likely continue, but it will be difficult for them to exert the same market influence as in past cycles."