Fidelity Investmentsglobal macro director Jurrien Timmer, bitcoin claims to be “cheap” at current levels. He also points out that the price of Bitcoin, the world’s largest cryptocurrency, is currently at the 2014 level.
Jurrien Timmer: Long-Term Investors Determine Bitcoin Price
Fidelity Investmentsanalyst Jurrien Timmer According to , the recent sell-off reveals the biggest oversold situation in a long time. analyst, last bitcoin He also stated that the recovery was mainly driven by long-term investors rather than short-term users of the cryptocurrency market. The market share of Bitcoin, which has been unsold for at least a decade, has risen to 13 percent these days. Bitcoin is currently trading at $23,500 after the bulls repeatedly failed to rise above $24,000.
in February Timmer, bitcoinThe tech giant whose growth has followed a classic S-curve pattern since the mid-90s. apple compared to his. Fidelity also presented an S-curve reflecting the internet adoption curve. In such a scenario, the company predicts that the Bitcoin price will reach $144,000.
