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Fidelity Analyst Says Bitcoin (BTC) May Move From $100,000 to $200,000 Faster

Zack Wainwright said Bitcoin took nearly 16 years to first reach $100,000 and that returns have narrowed across cycles.

By Enna Lee
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An unmarked brass coin rests beside a steep stone staircase / TokenPost.ai
An unmarked brass coin rests beside a steep stone staircase / TokenPost.ai

Fidelity Digital Assets research analyst Zack Wainwright said Bitcoin (BTC) could climb from $100,000 to $200,000 faster than it took nearly 16 years to reach the first milestone.

Wainwright compared Bitcoin's rebound from a June low near $58,000 with its recovery in 2022. He also said returns have narrowed from one cycle to the next, while large gains measured in dollars remain possible.

Past performance does not determine future results, Wainwright said.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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