Fidelity's Timmer: Bitcoin wallet growth stalls – A warning for crypto adoption?
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Fidelity analysts Jurrien Timmer and Chris Kuiper have raised concerns about Bitcoin's wallet growth and investment performance. Despite recent price recovery to $88K, wallet count remains stagnant, and risk-adjusted returns are underwhelming compared to the S&P 500. The analysts suggest institutional buying patterns and high volatility might be limiting broader adoption.
March 27, 2025 | 1:15 am
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Fidelity's analysis suggests potential headwinds for Bitcoin, with stagnant wallet growth and comparatively weak risk-adjusted returns potentially dampening investor sentiment.
The article directly discusses Bitcoin's performance, highlighting concerns about its adoption curve, wallet growth, and risk-adjusted returns. While the current price is around $88K, the analytical skepticism could create market uncertainty.
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