Jurrien Timmer from Fidelity emphasizes Bitcoin is still mid-cycle in its adoption, drawing parallels with the internet boom. He notes a significant rise in BTC holdings among public companies, with over 3.7 billion USD inflows last week for digital asset products.
Recent purchasing trends show over 140,000 BTC was bought by first-time investors, reflecting renewed interest and FOMO in the market. Bitcoin’s price nearing 120,000 USD signifies its evolving status as a maturing asset class.
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