Fidelity director Timmer cites Bitcoin power law for $300,000 2029 target
Image: U.TodayJurrien Timmer, Fidelity's director of global macro, cited Bitcoin's power law math in a technical report. He said the model suggests a new cyclical bull market is underway after Bitcoin held $60,000. The analysis projects a $300,000 target by 2029. Timmer tied the outlook to the $60,000 level holding. A crypto strategist, Killa, also said Bitcoin formed a weekly higher high and is in a new bullish regime.
Key points
- Jurrien Timmer is Fidelity's director of global macro.
- Timmer cited Bitcoin's power law math in his analysis.
- He said the model suggests a new cyclical bull market is underway.
- The analysis projects a $300,000 target by 2029.
- Timmer linked the outlook to Bitcoin holding the $60,000 level.
Why it matters
The analysis ties Bitcoin's long-term outlook to a mathematical model and the $60,000 level. For crypto users, that provides a specific framework for following analyst views on Bitcoin.
Price context · BTC
At publication
$84,401.00
Now
$84,554.00
Change since
+0.18%
7 days · dashed line = publication
Sources · 2 publishers
The Daily Hodl
Tier 2
Fidelity Director Highlights Power Law Math Pointing to Bitcoin $300,000 by 2029
Coverage timeline
- First reported by U.Today
- Confirmed by The Daily Hodl
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
