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

Fidelity Investments director of worldwide macro Jurrien Timmer appeared on CNBC at the moment to debate his bitcoin worth prediction fashions, market outlook, and opinion on the present rally. Timmer shared a bearish prediction for BTC, bullish inclinations in the direction of the greenback because the world’s reserve foreign money, and a profound misunderstanding of the connection between Bitcoin and gold.

Timmer stated the over 30 % rally that Bitcoin has skilled this month had not been fueled by momentum merchants, indicating that it’s being pushed by natural spot demand as an alternative and might be prolonged additional. The director sees bitcoin reaching $100,000 by 2023.

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