Bitcoin May Still Be Mid-Cycle in Adoption Amid Growing Institutional Interest and Inflows

Key Points

1. Fidelity Investments' analysis indicates Bitcoin is mid-growth, with projections suggesting a potential valuation range between $200,000 and higher, far from saturation.

2. 125 public firms now hold approximately 847,000 BTC, valued at around $91 billion, reflecting growing corporate confidence in Bitcoin.

3. Crypto investment products saw a record weekly inflow of $3.7 billion, pushing total assets under management (AUM) to $211 billion, with Bitcoin products comprising 85%.

4. Volcon announced a $500 million private placement, allocating 95% of proceeds to Bitcoin acquisition, signaling a broader shift toward asset-light business models.

5. Bitcoin's rally above $123,000 has attracted first-time buyers, with over 140,000 BTC accumulated in two weeks, supporting sustained price momentum and liquidity.