Digital Asset Research

Bitcoin Cycle Bottoming and the Restructuring of the Financial System: Regulatory Maturity, Asset Tokenisation, and the New Decade for Digital Assets

Bitcoin reached an all-time high of approximately $125,689 following the latest halving cycle, before entering a correction that took prices as low as $59,100 — a peak-to-trough decline of approximately 53%, materially below the 77%–87% drawdowns recorded in previous bear markets. Concurrently, the global digital asset regulatory architecture is transitioning from exploratory to institutionalised, while the Real World Asset (RWA) tokenisation market is forecast to reach between $1.6 trillion and $8.2 trillion by 2030. This report provides a systematic analysis of the Bitcoin four-year cycle, the evolution of regulatory frameworks, and the structural implications of RWA tokenisation for the long-term trajectory of digital asset markets.