Fidelity: "Bitcoin is Maturing with Institutional Adoption and Increased Use Cases"

Fidelity Digital Assets has analyzed that Bitcoin (BTC) is entering a full-fledged maturity phase.

According to Cointelegraph on the 23rd (local time), Fidelity stated in a recent report that "Bitcoin is forming a new market cycle based on increased institutional adoption and expanded use cases."

Fidelity explained, "The current market is absorbing the reduced supply without extreme volatility," and added, "Amidst mixed favorable and unfavorable factors, Bitcoin is finding its balance." They further stated, "Bitcoin's bullish trend could continue until the second quarter," and "Bitcoin is being redefined as an independent asset class."

They also noted that the record inflow of institutional investors is driving Bitcoin's bullish market. According to Fidelity, a total of $134 billion has flowed into the Bitcoin spot ETF market since January last year. The buying trend of listed companies is also notable. Strategies hold over 576,230 Bitcoins, and companies like Metaplanet and Semler Scientific are actively purchasing Bitcoin.

Bitcoin's Realized Market Cap is also rising sharply. Fidelity stated, "After the 2024 halving, this indicator has risen by 63% from $561 billion to $915 billion."

Gray Fidelity, Senior Research Analyst, said, "In terms of basic fundamentals and global recognition, Bitcoin is forming a stronger market foundation than ever," and "This is not just a rebound but a signal of long-term institutional integration and trust recovery."