Fidelity, managing $5 trillion in assets, has suggested that Bitcoin might be entering a 'supercycle,' indicating a potentially prolonged bullish phase for the cryptocurrency. This perspective comes amid increasing institutional interest and adoption of Bitcoin, which could drive its value higher over an extended period.
The concept of a 'supercycle' implies that Bitcoin could experience sustained growth beyond typical market cycles, fueled by factors such as macroeconomic conditions, regulatory clarity, and technological advancements. Fidelity's insights add to the growing optimism in the crypto market, as investors look for long-term opportunities in digital assets.
Fidelity Suggests Bitcoin May Be Entering a 'Supercycle'
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