Fidelity director: a new four-year bitcoin bull cycle may have begun
- —BTC consolidated near $60,000 for almost a year, as in a typical crypto winter
- —The BTC/gold Z-score has flipped from -100% to positive, which historically confirmed a bottom
- —Timmer pointed to a new era of high capital costs and possible financial repression
Why it matters: The signal from a major institutional asset manager could reinforce expectations of a cycle reversal for bitcoin.
Source: ChainCatcher 链捕手