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Bitcoin Price Outlook 100000 By 2023 Fidelity Director

Bitcoin Price Outlook 100000 By 2023 Fidelity Director

Bitcoin
October 13, 2021 by Editorial Team
4
Fidelity Investments director of global macro Jurrien Timmer appeared on CNBC today to discuss his bitcoin price prediction models, market outlook, and opinion on the current rally. Timmer shared a bearish prediction for BTC, bullish inclinations towards the dollar as the world’s reserve currency, and a profound misunderstanding of the relationship between Bitcoin and gold.
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Fidelity Investments director of global macro Jurrien Timmer appeared on CNBC today to discuss his bitcoin price prediction models, market outlook, and opinion on the current rally. Timmer shared a bearish prediction for BTC, bullish inclinations towards the dollar as the world’s reserve currency, and a profound misunderstanding of the relationship between Bitcoin and gold.

Timmer said the over 30 percent rally that Bitcoin has experienced this month had not been fueled by momentum traders, indicating that it is being driven by organic spot demand instead and can be extended further. The director sees bitcoin reaching $100,000 by 2023.



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