Fidelity Analyst Timmer Sees Bitcoin at $300K by 2029
- —The $300,000 target implies about 253% upside from $85,000
- —Timmer sees the hold above $60,000 as the start of a new cyclical bull market
- —His Bitcoin-to-gold indicator has turned positive, last at 6%
- —The forecast rests on a power-law model, not an official Fidelity target
Why it matters: A bullish call from a major institutional analyst supports sentiment, though it lacks evidence of actual demand.
Source: Coindoo
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