Fidelity’s Second-Half 2026 Outlook Says Bitcoin’s Structural Strengths Remain Intact as Traditional-Finance Integration Accelerates

Fidelity Digital Assets said in its outlook for the second half of 2026 that digital assets are becoming more deeply integrated into traditional finance, despite weakness in Bitcoin prices. The expansion of spot Bitcoin ETF options, tokenization of real-world assets and increasing regulatory clarity are driving that shift. The report said short-term volatility has not altered Bitcoin’s long-term structural strengths, including scarcity and network effects.

The latest report, focused on the second half of 2026, warned that AI data centers competing for electricity and computing resources could crowd out Bitcoin miners and affect the network’s overall hashrate. Meanwhile, ETF derivatives and tokenization continue to advance. Fidelity did not disclose ETF flow amounts or a Bitcoin price target in the related summary, and said gold could strengthen again before the end of 2026.