Overview
- Fidelity Labs managing partner Parth Gargava said in a Jan. 9 outlook that Bitcoin may be shifting from its halving‑linked four‑year cycle into a supercycle of prolonged highs and shallower drawdowns.
- He highlighted steady institutional demand through exchange‑traded funds as a persistent capital channel that could sustain prices beyond typical post‑peak patterns.
- Gargava pointed to a friendlier U.S. policy environment as reducing headline risk and encouraging broader participation from institutions and intermediaries.
- He cited a maturing market with changing correlations to the S&P 500 and precious metals, and referenced Fidelity Digital Assets’ research and a 2000s commodities analogy to describe the mechanism.
- He stressed the four‑year template is not declared dead, framing 2026 as the proving ground after the April 2024 halving, with NewsBTC noting Bitcoin near $92,182 at publication.