Bitcoin’s current market cycle is marking a turning point in how the asset is viewed within traditional investment strategies, according to new research from Fidelity Digital Assets. The report suggests that $BTC ’s rising institutional adoption, strong network fundamentals, and post-halving stability could cement its place as a core component of diversified portfolios.
As of block height 892,500, Bitcoin has climbed more than 30% since the April 2024 halving, trading between $82,500 and $85,000. Despite reduced miner rewards, Fidelity’s analysts point to a 50% increase in hashrate and a 63% jump in Realized Cap—now at $915 billion—as signs of market resilience and growing investor confidence.
“Bitcoin’s fundamentals and global recognition are stronger than ever,” said Daniel Gray, senior research analyst at Fidelity. He noted that unlike past halving cycles marked by speculative surges, the 2024–2025 period is showing more steady, organic growth—a sign of maturation.
This shift is reinforced by record institutional participation. Since the launch of U.S. spot Bitcoin ETFs in January 2024, inflows have reached $134 billion. Meanwhile, monthly crypto trading volumes have soared, with Binance alone topping $1 trillion in March—up from just $11 billion in early 2018.
Public companies are also leading the charge. Business intelligence firm Strategy now holds 576,230 BTC, setting a corporate precedent that others like Semler Scientific and Metaplanet have followed.
As adoption broadens and market structures mature, Fidelity suggests Bitcoin may soon be regarded less as a speculative asset and more as a strategic long-term holding—reshaping its role in the modern financial system.
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