Fidelity’s Jurrien Timmer sets $100,000 Bitcoin target, eyes $300,000 by 2029

Fidelity Investments’ director of global macro, Jurrien Timmer, has projected that Bitcoin could reach $100,000 during its current recovery phase, with a long-term trajectory potentially pushing the price to $300,000 by 2029. The outlook draws on Timmer’s valuation model, which suggests that a new bull cycle for the cryptocurrency may have already started. Timmer outlined the updated targets in late September, revising his earlier prediction that indicated a quieter period for Bitcoin in 2026. His revised forecast follows recent market developments and renewed momentum for the world’s leading digital asset. Fidelity Investments is one of the largest asset management firms globally, offering mutual funds, ETFs, and retirement services to millions of investors.

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