Fidelity report: Bitcoin bull run will redefine the role of BTC in modern portfolios

PANews reported on May 24th that according to Cointelegraph, the latest research report from Fidelity Digital Assets indicates that the current Bitcoin bull market will redefine its positioning in modern investment portfolios. Data shows that Bitcoin's computing power has grown by 50% since the April halving, and its realized market capitalization has surged 63% to $91.5 billion, reflecting increased market confidence. The report emphasizes three key characteristics of this cycle: 1) Cumulative inflows of $134 billion after spot ETF approval; 2) Institutional holdings reaching new highs, with MicroStrategy holding 576,000 BTC; 3) Puell Multiple indicator stabilizing, showing the market has adapted to the lower issuance volume after halving. Bitcoin price has increased by 31% after halving and recently reached a historical high. Fidelity senior analyst Daniel Gray believes that Bitcoin network resilience and institutional participation have reached historical peaks, and its status as a mature asset class is being established.