A Fidelity executive who thinks Bitcoin could go as high as $100,000 is continuing his bullish views on it.
Jurrien Timmer, who heads Fidelity Investments’ global macro unit, compares Bitcoin to gold can gain value faster thinks:
“In my view, Bitcoin is a commodity currency that attempts to be a store of value. “I see it as the exponential version of gold.”
Timmer, in situations such as high inflation, negative real interest, and excessive growth of money supply in the 1970s and 2000s Just as gold performed, so will Bitcoin. He believes he can perform.
Timmer, under private management 4.4 trillion dollars He has worked at Fidelity, which has assets, for nearly 29 years. In an interview in 2021, the expert said that the price of Bitcoin It could be $100,000 by 2023 he said.
Fidelity has a separate unit called Fidelity Digital Assets, which provides clients with custody and trading services for Bitcoin and Ethereum.
Fidelity also cooperates with names such as BlackRock, WisdomTree, Invesco. To the US Securities and Exchange Commission It is among the companies that have applied for the spot Bitcoin ETF.