Bitcoin Still Mid-Cycle In Adoption: Fidelity Analyst
The post Bitcoin Still Mid-Cycle In Adoption: Fidelity Analyst appeared on BitcoinEthereumNews.com.
Key takeaways: Fidelity’s Jurrien Timmer says Bitcoin is still mid-cycle in its adoption curve. 125 public companies now hold BTC, with digital asset products witnessing $3.7 billion in weekly inflows last week. First-time BTC buyers accumulated over 140,000 BTC in just two weeks, signaling renewed FOMO. Bitcoin (BTC) may be trading near highs around $120,000, but according to the Director of Global Macro at Fidelity, Jurrien Timmer, it’s still early in the broader adoption cycle. Drawing parallels with the internet boom, Timmer emphasized that Bitcoin’s growth trajectory closely resembles the internet’s adoption curve from past decades. Timmer said, “Bitcoin continues to follow both the Power Law curve of its wallets as well as my demand model based on the internet adoption curve. We are right in the middle.” Bitcoin Valuation Model analysis. Source: Jurrien Timmer/X The analysis suggests that the current price action, marked by steady stair-step patterns of new highs followed by consolidation phases, still reflects a maturing, not saturated, asset class. The chart shows that the far high end of the BTC model (wallet power curve) lies in the region of $200,000-$300,000. This perspective gains more weight amid the current wave of corporate Bitcoin adoption. Data from Bitwise suggests that 46 public companies added BTC to their balance sheets, bringing the total to 125 in Q2. These firms collectively hold 847,000 BTC, valued at approximately $91 billion. Corporate Bitcoin adoption data in Q2. Source: Bitwise/X Fueling this momentum, crypto digital asset investment products recently recorded their second-largest weekly inflow, a staggering $3.7 billion. This pushed total assets under management (AUM) across crypto products to an all-time high of $211 billion, with Bitcoin-backed products accounting for $179.5 billion, i.e., 85%. 📊MARKET UPDATE: #Crypto digital asset investment products recorded their second-largest weekly inflow ever—a massive $3.7B, pushing AUM to an…
Filed under: News - @ July 18, 2025 12:29 pm