Fidelity Director: $100,000 BTC By 2023, Fails To See Bitcoin Power

Constancy Investments director of worldwide macro Jurrien Timmer seemed on CNBC these days to talk about his bitcoin value prediction fashions, marketplace outlook, and opinion at the present rally. Timmer shared a bearish prediction for BTC, bullish dispositions in opposition to the greenback as the arena’s reserve foreign money, and a profound false impression of the connection between Bitcoin and gold.

Timmer mentioned the over 30 % rally that Bitcoin has skilled this month had no longer been fueled by means of momentum investors, indicating that it’s being pushed by means of natural spot call for as a substitute and will also be prolonged additional. The director sees bitcoin achieving $100,000 by means of 2023.

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