Fidelity Investments director of world macro Jurrien Timmer appeared on CNBC at this time to focus on 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 forex, and a profound misunderstanding of the connection between Bitcoin and gold.
Timmer stated the over 30 p.c rally that Bitcoin has skilled this month had not been fueled by momentum merchants, indicating that it is being pushed by natural spot demand as an alternative and may be prolonged additional. The director sees bitcoin reaching $100,000 by 2023.
