Fidelity Digital Assets, $5 Trillion Manager, Says Bitcoin Could Hit New All-Time High in Acceleration Phase

Fidelity Digital Assets, the cryptocurrency division of the $5 trillion asset manager Fidelity Investments, has indicated that Bitcoin's price could reach a new all-time high before the current market cycle concludes. The firm described Bitcoin's market phase as an acceleration phase, suggesting continued momentum in the cryptocurrency's price movement. This outlook reflects growing confidence in Bitcoin's potential for further gains within the ongoing cycle.

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