Fidelity Exec Predicts Bitcoin Will Hit $300K By 2029

Bitcoin's price prediction has been made by Jurrien Timmer, Director of Global Macro at Fidelity. He believes that Bitcoin is in a fresh cyclical bull market and points to its power-law mathematical models as evidence.

Timmer shared this view with his 221,000 followers on a post. The prediction comes as the market prepares for the fourth quarter.

No specific date or timeframe was given by Timmer for Bitcoin's price target of $300,000 by 2029. However, his statement indicates optimism about the cryptocurrency's future performance in both the near and long term.