Fidelity analyst: Bitcoin may rise from $100,000 to $200,000 much faster

Bitcoin News posted on platform X that Fidelity Digital Assets research analyst Zack Wainwright stated that as of October 12, Bitcoin has risen nearly 50% from its bear market low of about $58,000 in June, with a trend similar to its recovery path in 2022.

He cautioned that the return rate of Bitcoin in each cycle is narrowing, and past performance does not guarantee future results, but a significant increase in dollar terms is still possible; it took nearly 16 years for Bitcoin to first break $100,000, while the rise from $100,000 to $200,000 could be much quicker.