A manager of $5.9 trillion in assets is confident that Bitcoin will reach a new record price before the end of this cycle. At the time of this writing, Bitcoin is trading at $104,000.
This means that Bitcoin needs to rise 5.3% to surpass its historical high of $109,350 recorded in January of this year.
Other famous names believe that Bitcoin could reach up to $1 million in this cycle. This includes opinions from Adam Back, creator of Hashcash, Arthur Hayes, founder of BitMex, and Changpeng Zhao, founder of Binance.
Bitcoin is poised to register a new price high
In a note published on its social networks, the digital assets team pointed out that their analysts’ prediction may be about to become a reality.
“Bitcoin’s Acceleration Phase continues after 69 days of low profit and high volatility—strengthening our team’s thesis that bitcoin may see another all-time high before the end of this cycle.”
Bitcoin’s Acceleration Phase continues after 69 days of low profit and high volatility—strengthening our team’s thesis that bitcoin may see another all-time high before the end of this cycle. Learn more about the asset’s price phases below ⬇: https://t.co/QKSYd7d0aW
— Fidelity Digital Assets (@DigitalAssets) May 16, 2025
In another tweet, a VP of Research points out that their team continues to monitor Bitcoin’s performance.
“BTC continued in its Acceleration Phase as it closed on May 13 quoted at US$ 104,119, with 99% of addresses in profit”, wrote the VP, adding that Bitcoin is in “ten days of high profitability and high volatility so far in May”.
“Historically, this phase has presented two breakout peaks, the first of which was after the high caused by the US elections.”
The text points to an article written back in February on the subject, but still current. As a highlight, the analysis cites other moments in which Bitcoin recorded new price records.
“In previous cycles, this phase led bitcoin to new all-time highs, culminating in an explosive top and the peak of the cycle.”
“However, this phase is not characterized by a constant upward trajectory. Instead, it can present strong volatility in both directions”, the analysis continues. “This current cycle is unfolding similarly to the Acceleration Phases of 2013 and 2017.”
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