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Fidelity executive says BTC a new cyclical bull market may have begun; the model projects a 2029 annual target 300000 USD。
Fidelity executive:BTC a new cyclical bull market may have begun, 2029 annual target 300000 USD
PANews September 26 news, Jurrien Timmer, Fidelity's Global Macro Director, posted on X that Bitcoin's power-law model indicates that, after holding above 60000 USD,BTC a new cyclical bull market is unfolding, with a projected target of 2029 for the year 300000 USD。
Source: https://www.panewslab.com/zh/articles/01a0dd4b-ca8e-7783-8463-6c4b8db79b8f
PANews reported that Jurrien Timmer, Fidelity's Global Macro Director, posted on X.
Jurrien Timmer stated that Bitcoin's power-law model indicates that, after holding above 60000 USD,BTC a new cyclical bull market is unfolding.
Jurrien Timmer expects the BTC target to be 2029 for the year 300000 USD。
The following is analysis, separate from reported facts. Verify important claims independently.
This is a market view based on Bitcoin's power-law model: if BTC holds above 60000 USD, Jurrien Timmer believes that a new cyclical bull market may unfold and sets 2029 year 300000 USD as the target level.
This view expresses a bullish expectation for BTC's long-term price trajectory, but 300000 USD remains a model-derived target rather than an observed price fact.
Beginners should distinguish between “model forecasts” and “actual prices”: the article describes a possible trajectory, not a guarantee of future results.
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