Bitcoin (BTC) Important Signal: Currently in the middle stage of the "mass adoption" curve, FOMO returns to drive a new round of breakthroughs.

Fidelity's global macroeconomic chief Jurrien Timmer stated that the trading price of Bitcoin is close to its historical high of around $120,000, but it is still too early to discuss the widespread application of Bitcoin. He compared the growth of Bitcoin to the past internet boom, noting that the growth trajectory of Bitcoin is very similar to the curve of internet applications over the past few decades.

Timur stated that Bitcoin continues to follow the power law curve of cryptocurrency wallets and the demand model based on the internet adoption curve, and the market is currently in this process.

(Source: Fidelity)

Analysis shows that the current price trend presents a stable stair-step pattern, first reaching a new high and then entering a consolidation phase, which still reflects a maturing and unsaturated asset class. The chart shows that the upper half of the BTC model (wallet strength curve) is between $200,000 and $300,000.

Against the backdrop of the current wave of corporate Bitcoin adoption, this perspective is more persuasive. Data from Bitwise shows that in the second quarter, 46 publicly traded companies added Bitcoin to their balance sheets, bringing the total number of Bitcoin reserve companies to 125. These companies currently hold a total of 847,000 BTC, valued at approximately $91 billion.

This momentum is attributed to the recent record inflow of 3.7 billion dollars into cryptocurrency investment products, marking the second-largest weekly inflow. This has driven the total assets under management (AUM) of cryptocurrency products to a record 211 billion dollars, with Bitcoin-backed products accounting for 179.5 billion dollars, representing 85%.

(Source: CoinShares)

When commenting on capital inflows, Timmer pointed out that it is currently unclear whether this capital comes from long-term investors or short-term speculators.

"It is difficult to determine whether this capital comes from true believers or 'motivated tenants,'" he said.

Volcon Joins the Bitcoin Fiscal Movement

Electric sports company Volcon has become the latest publicly traded company to adopt a Bitcoin funding strategy. On Thursday, the company announced a $500 million private placement, expecting that 95% of the proceeds will be used to purchase Bitcoin. With the support of Empery Asset Management, Volcon plans to implement a cost-effective and capital-efficient Bitcoin strategy to assist its electric vehicle business in transitioning to a light asset model.

In addition to corporate bonds, Bitcoin's surge to a new high of over $123,000 has attracted many new investors. According to Bitcoin Magazine, in just the past two weeks, first-time Bitcoin buyers have accumulated over 140,000 Bitcoins, increasing the total holdings from 4.77 million to 4.91 million, an increase of 2.86%.

These data show a resurgence of "FOMO" (fear of missing out) behavior, with both new and old investors actively participating in this round of increases, driven by strong natural demand pushing Bitcoin's latest breakthrough.