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Fidelity's Timmer Predicts Bitcoin at $100,000, Then $300,000 by 2029
Original: Fidelity's Jurrien Timmer Sees Bitcoin at $100,000 Next and $300,000 by 2029. What Has to Hold First?
Jurrien Timmer, Fidelity's director of global macro, has laid out a bullish Bitcoin outlook, projecting the cryptocurrency to reach $100,000 in the near term and $300,000 by 2029. His scenario is conditional on several supports holding, including continued institutional adoption and a favorable macro backdrop. The forecast from a major asset manager's strategist is fueling debate over whether such price targets are realistic given Bitcoin's volatility.
Why now: A prominent Fidelity strategist publicly issuing bold Bitcoin price targets is drawing attention amid ongoing crypto market speculation
Evidence
- Fidelity's Jurrien Timmer Sees Bitcoin at $100,000 Next and $300,000 by 2029. What Has to Hold First? · 24/7 Wall St.
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