#BinanceHODLerERA Bitcoin is in the middle of its adoption cycle, according to a Fidelity analyst.
$BTC 💥💥💥💥💥
Data from Fidelity Investments suggests that Bitcoin is still in the middle of the cycle of its adoption curve, as institutional interest and inflows indicate the maturity of the asset.
💥Key points:
🔸Jurrien Timmer from Fidelity believes that Bitcoin is still halfway through its adoption curve.
🔸125 public companies now own BTC, and digital asset products recorded $3.7 billion in weekly inflows last week.
🔸First-time BTC buyers accumulated over 140,000 BTC in just two weeks, indicating renewed FOMO.
Bitcoin BTC 103,241 € may be trading near its highs around $120,000, but according to Jurrien Timmer, Global Macro Director at Fidelity, it is still early in the broader adoption cycle. Drawing parallels with the internet boom, Timmer emphasized that Bitcoin's growth trajectory closely resembles the internet adoption curve of past decades.