Fidelity Exec Predicts Bitcoin Will Soar to $300k by 2029

Jurrien Timmer, Director of Global Macro at Fidelity, has shared an ultra-bullish Bitcoin prediction. According to him, Bitcoin's power-law mathematical models indicate that a fresh cyclical bull market is underway, targeting $300,000 by 2029.

Timmer's analysis suggests that Bitcoin is pressing against a critical technical resistance zone near $80,000. If it breaks through this threshold, it will confirm a double-bottom pattern on the charts, often signaling the end of a prior downtrend and potentially leading to an upside target in the region of $100,000.

As of late September 2026, Bitcoin is trading at around $84,000. Reaching the $300,000 level by 2029 would require the asset to multiply roughly 3.6 times from current prices, equivalent to an increase of about 257% over just over three years.