Fidelity Digital Assets research analyst Zack Wainwright said Bitcoin could rise from $100,000 to $200,000 much faster than it took to first surpass $100,000, nearly 16 years after its creation. According to Odaily, Bitcoin News reported on X that Wainwright said Bitcoin had gained nearly 50% by October 12 from its bear-market low of about $58,000 in June, following a recovery path similar to 2022. He noted that returns have narrowed in each market cycle and that past performance does not guarantee future results, while substantial gains in dollar terms remain possible.

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