Bitcoin historian and editor Pete Rizzo reported on X today, October 3, 2026, that Fidelity Digital Assets, which manages $5 trillion, anticipates a significant price movement for Bitcoin. Rizzo wrote, “BREAKING: $5 TRILLION FIDELITY JUST SAID #BITCOIN IS SET TO RECLAIM $100,000 VERY SOON IT'S "SHOWING A LOT OF STRENGTH" RIGHT NOW "BTC IS ONLY 30% CORRELATED TO THE S&P 500, THAT MAKES IT A GOOD DIVERSIFIER NOW"". This statement indicates a strong conviction from the asset management giant regarding Bitcoin's near-term potential.
The statement comes as Bitcoin trades at $84,601, showing a slight 0.3% decrease over the last 24 hours. Recent Gokhshtein Media coverage notes growing bullish sentiment for the leading digital asset. David Gokhshtein has stated Bitcoin could reach $100,000 this year, and Michaël van de Poppe suggested that stable Federal Reserve rates are bullish for Bitcoin. Furthermore, Bitcoin open interest has jumped $2.3 billion, with funding rates hitting 10 percent, signaling increased speculative interest in the market.
Fidelity's view, as reported by Rizzo, highlights Bitcoin's perceived low correlation to traditional markets like the S&P 500, positioning it as a valuable diversifier for institutional investors. This perspective implies that despite any short-term price fluctuations, the underlying market strength and potential for increased institutional adoption could drive its value higher, specifically towards the $100,000 mark. Investors may continue to monitor for further signs of institutional capital inflow and market resilience.
