Fidelity Director Sees Bitcoin Bull Market Signs

Fidelity Investments' Global Macro Director Jurrien Timmer has sparked interest in the crypto market by suggesting that Bitcoin's four-year cycle bull market may have started. According to Timmer, Bitcoin has been consolidating around $60,000 for nearly a year before rising.

Timmer pointed out that the Z-score of BTC/gold has shifted from -100% to a positive value, which historically confirms a bottom in the market. This shift indicates that the current market may be entering a new phase.

The director also mentioned that we are currently in a new long-term paradigm with higher capital costs and financial repression by governments as possible responses to these changes.