Jurrien Timmer, who serves as the Global Macro Director at Fidelity, a leading financial institution, recently shared insightful perspectives on Bitcoin’s evolving market dynamics.
Fidelity Expert Suggests Bitcoin Might Be Entering a New Phase; Year-End Predictions Remain Unclear
Timmer highlighted that the overall sentiment within the cryptocurrency sector has notably improved over recent months. This positive shift is attributed to a reduction in speculative excesses and a more accommodative monetary policy from the Federal Reserve. Additionally, stability in bond and foreign exchange markets has fostered an environment conducive to Bitcoin’s growth. Within this framework, Timmer expressed increased confidence that Bitcoin could end 2025 with reasonably favorable results.
Nonetheless, he also drew attention to an emerging factor influencing Bitcoin’s price trajectory: companies utilizing their balance sheets as “Bitcoin treasuries” by acquiring BTC through issuing equity might now be constraining further price appreciation. This development has sparked renewed discussions about whether the traditional four-year cycle of Bitcoin is concluding.
Based on Timmer’s evaluation of data since 2010, Bitcoin’s network growth exhibits five distinct bullish phases over time.
The analyst pointed out that each successive wave tends to generate smaller gains than its predecessor but extends over longer durations—signifying that Bitcoin is progressively evolving into a more resilient and stable asset class.
Timmer projects that the apex of this fifth bullish phase could reach approximately $151,360. While acknowledging uncertainties surrounding year-end outcomes, he remains optimistic about Bitcoin’s ongoing structural strengthening in the long run.
Please note: This content does not constitute investment advice.