Jurrien Timmer, the Global Macro Director at Fidelity Investments, has shared his views on Bitcoin (BTC) following the recent price surge.
The Two Key Factors in Bitcoin
Expert analyst Jurrien Timmer suggests that the leading cryptocurrency, Bitcoin, could surpass $96,210 by 2025 due to two main factors.
Based on interest rates, inflation, real interest rates, and global adoption, Timmer has presented a scenario for the future price performance of BTC. In his comments, the analyst stated:
As Bitcoin rises once again, will the adoption curve accelerate as it did a few years ago? And how does the macro trend in interest rates affect this? Here are some data points to consider: I’m showing a range of values based on both the slope of the internet adoption curve and the path of real rates. The lower bound assumes a Treasury Inflation-Protected Securities (TIPS) real rate of +2.5% (where we are now) and the upper bound assumes -2% (where we were in 2021). Macroeconomic factors could accelerate or decelerate the adoption curve that we have seen emerge in recent times.
Analyst’s BTC Chart Analysis
In addition to discussing the shared charts, the senior analyst predicts that if the TIPS real rate remains as high as the current rate, the price of the cryptocurrency will reach the lower bound of $41,553 by 2025. However, if real rates drop to the level of 2021, BTC could rise to $96,210, an increase of 175% from its current value.
In conclusion, Jurrien Timmer, the Global Macro Director at Fidelity Investments, predicts that Bitcoin could surpass $96,210 by 2025. By analyzing factors such as interest rates, inflation, and global adoption, Timmer evaluates the future price performance of Bitcoin. He estimates that if the TIPS real rates remain at the current level, Bitcoin could reach the lower bound of $41,553 in 2025, or it could rise by 175% to $96,210 if rates drop. Timmer’s analysis provides an important perspective on the future price movement of Bitcoin.
At the time of writing, the leading cryptocurrency Bitcoin is trading at $34,991, according to data from the website 21milyon.com.
