AI Summary:
According to PANews, a recent report by Fidelity Digital Assets highlights the transformative impact of the ongoing Bitcoin bull market on modern investment portfolios. Since the April halving, Bitcoin’s hash rate has jumped 50%, and its realized market capitalization has surged 63% to $915 billion—reflecting growing investor confidence.
The report outlines three defining traits of this cycle:
1. Spot ETF approvals have triggered a $134 billion inflow.
2. Institutional holdings are at record levels, with MicroStrategy alone holding 576,000 BTC.
3. The Puell Multiple has stabilized, indicating market adaptation to reduced issuance.
Bitcoin’s price has climbed 31% since the halving, recently setting a new all-time high. Daniel Gray, senior analyst at Fidelity, emphasizes that the network’s resilience and peak institutional participation are solidifying Bitcoin’s role as a mature asset class.