Fidelity executive: BTC is experiencing the fifth wave of an upward trend, with smaller increases and longer upward durations being signs of asset maturity

Fidelity's global macro director Jurrien Timmer posted on the X platform, pointing out that after excessive speculation in the crypto market subsides, market sentiment has improved. Against the backdrop of the Federal Reserve's easing policies and the calmness in the bond and foreign exchange markets, Bitcoin's official price for 2025 actually looks quite good.

Previously, the Bitcoin treasury company provided "yields" by purchasing Bitcoin through stock issuance, which may now become a resistance to Bitcoin's rise and has raised questions about whether another four-year cycle has ended. However, observing the structure of Bitcoin's mature network curve, it can be seen that since 2010, Bitcoin has experienced five waves of upward trends, with each wave's increase being smaller than the previous one, but the duration has become longer. From the performance in the recent bull market (starting around $16,000 in 2022), it is evident that Bitcoin has become very mature.

According to the five-wave upward trend chart shared by Jurrien Timmer, the peak price of Bitcoin in the fifth wave may be $151,360.