POTENTIAL IMPACT OF #BITCOIN to #NOTCoin - Fidelity Confirms Bitcoin Could Hit $1 Million 

Fidelity Digital Assets just checked and agreed that Bitcoin might reach $1 million. They say Bitcoin could become more valuable than gold after 2024 because of something called the stock-to-flow ratio. Fidelity, a company that manages money, recently wrote a report looking into this idea created by someone called Plan B. They wanted to see why people are interested in Bitcoin.

In their report, Fidelity says Bitcoin is good for two main reasons. First, there's not much of it, so it's like a shield against losing value over time. Some big companies, like MicroStrategy, are buying Bitcoin to protect themselves from money losing value because of the government making too much of it.

Another reason Bitcoin is valuable is that there's only a limited amount of it, and nobody can change that. Also, nobody's in charge of how Bitcoin works, so it's hard for anyone to mess with it.

Even though not many people use Bitcoin yet, Fidelity thinks it's like when Facebook was starting out and had only a few users. Fidelity also thinks it's interesting that the Bitcoin supply got cut in half around the same time as the government started giving out a lot of money because of the pandemic.

They say Bitcoin is the second-best thing to invest in after gold because of the stock-to-flow ratio. This ratio looks at how hard it is to make more of something compared to what's already out there. Gold has always been good at holding its value over time, and now Bitcoin is becoming just as good, especially since it's harder to make more of it after the recent halving.

So, Fidelity thinks Bitcoin could be a big deal in the future, maybe even more valuable than gold.

IMPACT OF BITCOIN PRICE TO NOTCOIN 

—————————————————————-----

The validation of Bitcoin's potential to reach $1 million by Fidelity Digital Assets could influence the sentiment of over 900 Telegram users...... TO CONTINUE READ THIS IN MY ARTICLE.