Fidelity’s Jurrien Timmer thinks Bitcoin’s next cycle may have already started.
His reasoning is pretty simple: $BTC held the $60K area for almost a year, roughly matching the length of a typical Bitcoin winter.
His Power Law model now points toward $300K by 2029.
I wouldn’t focus too much on the $300K number itself.
What’s more interesting is whether Bitcoin has actually broken out of the long consolidation phase Timmer was watching.
If that’s true, the next few years could look very different from the last one.
His reasoning is pretty simple: $BTC held the $60K area for almost a year, roughly matching the length of a typical Bitcoin winter.
His Power Law model now points toward $300K by 2029.
I wouldn’t focus too much on the $300K number itself.
What’s more interesting is whether Bitcoin has actually broken out of the long consolidation phase Timmer was watching.
If that’s true, the next few years could look very different from the last one.
