PANews reported on March 3rd that Jan Van Eck, CEO of VanEck, stated in a CNBC interview that Bitcoin is primarily determined by two core factors: the fixed total supply of 21 million coins and the halving cycle every four years. During a halving, the block reward received by miners is halved, forming Bitcoin's mature investment cycle—three consecutive years of increases, followed by a significant drop in the fourth year. 2026 is this fourth year, which is why we are currently in a bear market for Bitcoin and the entire cryptocurrency market. He believes the market is bottoming out, a very positive sign of recovery.