Is Crypto Still a Golden Fleece in 2025? Fidelity Thinks So 🤑

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Dear Reader, the Fidelity Digital Assets Research team, in their infinite wisdom, has deigned to inform us that it is, in fact, not too late to join the crypto carnival in 2025. This revelation comes after a thorough revision of their earlier report, which, one can only assume, was slightly less optimistic. 📊

“Infrastructure is solidifying, experimentation is scaling, and new use cases are gaining traction,” proclaimed Chris Kuiper, the Vice President of Research at Fidelity’s crypto arm, in a statement that could have been lifted straight from a Victorian novel. 📜

Mr. Kuiper, with a touch of humility that is almost charming, admitted that his earlier predictions of stagflation were, shall we say, a tad off. However, he remains steadfast in his belief that the macro drivers of global liquidity are still very much in play. 🌍

These macro drivers, he suggests, might just be the wind in Bitcoin’s sails, pushing it to new heights in the latter part of the year. One can almost hear the sound of the market’s collective heart beating faster. 💓

Interestingly, Kuiper notes that inflation remains stubbornly above the Federal Reserve’s 2% target, much to the chagrin of Fed Chairman Jerome Powell, who seems as reluctant to cut interest rates as a cat is to take a bath. 🐱‍.TryParse

Moreover, global liquidity, such as the M2 money supply, continues to rise, a trend that is as predictable as the sunrise. 🌅

The Fidelity analyst also muses on whether gold, which has so far outperformed Bitcoin, will eventually pass the baton to the digital currency, as it has in previous bull cycles. One can only speculate, but the suspense is almost unbearable. 🤔

Companies with significant Bitcoin exposure are increasingly turning to mining for strategic reasons, a development that Fidelity anticipated with the precision of a seasoned fortune-teller. 🎱

The Bitcoin ecosystem, meanwhile, is expanding with new utility infrastructure, a sign that the digital currency is not just a passing fad but a force to be reckoned with. 🚀

The State of Ethereum

Fidelity’s Max Wadington has opined that Ethereum and Solana’s end states may converge more than expected, a prediction that is as intriguing as it is speculative. 🧐

The first half of 2025 has seen a greater focus on improving Ethereum’s layer-1, a move that ETH holders are eagerly awaiting, much like a child waits for Christmas morning. 🎁

However, the benefits of growing layer-2 adoption have yet to fully materialize, leaving ETH holders in a state of anticipatory limbo. 🕰️

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2025-07-10 19:23