Fidelity Investments Director of Global Macro Jurrien Timmer sees a potential path for Bitcoin toward $300,000 by 2029 if its long-term growth trajectory continues. His valuation framework also points to $100,000 as an intermediate level, while the $300,000 projection remains a conditional long-term scenario rather than a guaranteed price target .
Bitcoin traded near $82,100 on October 16, with a market capitalization of roughly $1.65 trillion. Timmer’s analysis combines a long-term power-law model with Bitcoin’s performance relative to gold, while the market is currently watching the $86,000 area as an important level for strengthening bullish momentum. Reclaiming that zone would improve the technical backdrop for a renewed advance .
The immediate question is whether Bitcoin can maintain its recent recovery and build enough momentum to move sustainably above $86,000. A successful breakout would keep the $100,000 intermediate level in focus , while renewed weakness could delay the longer-term trajectory Timmer believes could eventually carry BTC toward $300,000 by 2029.
Source: CoinMarketCap .
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