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Fidelity Investments purchases 4,661 BTC as whales continue to load up on BTC

Fidelity Digital Assets, an asset management firm, has increased its Bitcoin holdings by purchasing 4,661 BTC worth $463 million. This comes after they sold off BTC in previous transactions. A report by Santiment indicates that BTC whales are accumulating more Bitcoin, specifically in wallets with more than 10 BTC. The report also highlights upcoming political and economic events that could impact the crypto market, including President Donald Trump's inauguration and the Fed meeting. Despite a massive dump in December, institutional investors have been accumulating BTC, with over 34,000 BTC accumulated in the past 30 days. Fidelity Investment's report predicts increased institutional and government adoption of BTC by 2025, citing rising inflation, fiat currency devaluation, and fiscal deficits as factors driving crypto allocation. Several countries are exploring the establishment of BTC strategic reserves, and the proposed Bitcoin Act of 2024 in the US could further fuel BTC adoption. Analysts predict BTC surpassing $200,000 in 2025 due to expected crypto policies and adoption. However, there are warnings of possible price corrections if the BTC price drops below certain levels.

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