FIDELITY: BITCOIN'S RUN FROM $100,000 TO $200,000 "MAY HAPPEN MUCH FASTER"
Fidelity Digital Assets research analyst Zack Wainwright says Bitcoin was up nearly 50% from its June bear market low near $58,000 as of Oct. 12, tracking a path similar to its 2022 recovery.
He cautions that returns have shrunk each cycle and that past performance doesn't guarantee future results, but says the potential for a large gain in dollar terms remains.
"Although it took Bitcoin nearly 16 years to surpass 100,000 for the first time, the move from 100,000 to 200,000 may happen much faster."