New wave of inflation could boost $BTC price in 2025, according to Fidelity study

A recent analysis by financial services giant Fidelity suggests that a new wave of inflation in 2025 could favor Bitcoin (BTC).

Chris Kuiper, director of research at Fidelity Digital Assets, argues in a report that the combination of persistent inflation and fiscal deficits could lead the United States to a stagflation scenario , characterized by stagnant economic growth, high inflation and even high unemployment.

Fidelity sees Bitcoin as a safe haven against a new wave of inflation

Bitcoin’s reaction, according to Kuiper , will depend on how fiscal and monetary institutions address this complex economic environment. If policies prioritize combating the “stagnation” part through fiscal stimulus or expansionary monetary tools, Bitcoin could benefit, albeit with some time lag.

On the contrary, if controlling inflation becomes the priority, through drastic cuts in money supply, liquidity and fiscal spending, Bitcoin could face greater difficulties.

Kuiper also points to historical parallels, such as gold ’s remarkable performance during the second wave of inflation in the 1970s and 1980s. This reinforces the idea that Bitcoin, often considered “digital gold,” could act as a safe haven in a context of high inflation.

The report highlights that regardless of the macroeconomic outlook in 2025, Bitcoin can add value to investment portfolios in a variety of scenarios. If a recession materializes, fiscal and monetary stimulus is likely to be used again, a historically favorable context for $BTC