Fidelity Digital Assets has validated a model that predicts Bitcoin’s price reaching $1 million by 2024, attributing this projection to the stock-to-flow ratio. The trillion-dollar asset manager, Fidelity, is closely examining this widely discussed Bitcoin price model. In a recent report from Fidelity Digital Assets, the stock-to-flow ratio is analyzed to support the projection of Bitcoin’s value reaching $1 million by the year 2024.
In addition to validating the model predicting a $1 million Bitcoin price by 2024, Fidelity President has filed for a new Bitcoin fund. This strategic move by Fidelity indicates their growing interest and involvement in the cryptocurrency space. The scrutiny and analysis of the stock-to-flow ratio by Fidelity Digital Assets suggest a high level of confidence in the potential for Bitcoin to reach such a significant price milestone in the coming years.
The report from Fidelity Digital Assets regarding the stock-to-flow ratio and its implications for Bitcoin’s price underscores the increasing mainstream attention and adoption of cryptocurrencies. With Fidelity’s validation of this model and the filing for a new Bitcoin fund, it is evident that major financial institutions are recognizing the significance of Bitcoin’s potential and exploring ways to capitalize on this emerging asset class.
Original article published at: http://infoonbitcoin.com/fidelity-predicts-bitcoin-price-to-reach-1-million-by-2024/