Fidelity's Director of Global Macro: Bitcoin Price Has Returned to What I Consider Fair Value Range
Jurrien Timmer, Director of Global Macro at Fidelity, took to the social media platform to share his thoughts on the price of Bitcoin. He stated, "Bitcoin's price has returned to what I believe is the fair value range ($39,025 - $78,337). The slope of the curve is based on the internet adoption curve from decades ago and the width is based on a range of real rates of -2% (top $78,337) and +2.5% (bottom $39,025)."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SOL treasury companies and ETF total holdings exceed 24.2 million SOL, equivalent to approximately $3.44 billions
Institutions increased their BTC holdings by over $500 million in the past 30 days
Adam Back: Strategy's leverage ratio is very low, previously only transferred BTC to another custodian and did not sell
Trending news
MoreCrypto prices
More
