Matthew Sigel, Director of Digital Asset Research at VanEck, stated in a recent investor report: "If the current cycle follows previous trends, a market peak may occur between the second and fourth quarters of 2025. Historically, the cryptocurrency market has experienced distinct four-year cycles with price peaks usually occurring after halving. Each halving has set new historical highs." Matthew Sigel believes that the current cooling phase of the market is a precursor to another surge.