Fidelity says bitcoin could reach $200K faster than expected
- —Wainwright: the $100K-to-$200K leg may be faster than the first $100K
- —Bitcoin is up roughly 50% from its June low of $58,000
- —Fidelity notes BTC growth rates are slowing across market cycles
- —BTC traded near $80,586 at publication, down 1.31% on the day
Why it matters: A forecast from a major asset manager gives institutions a reference point, even as Fidelity itself flags slowing growth across cycles.
Source: Bloomingbit