Jurrien Timmer, Fidelity Investments' Global Macro Director, has recently shared his revised forecast for Bitcoin (BTC), predicting a potential surge beyond $96,210 by 2025. The projection was shared today with his 173K followers on social media platform X.
Timmer's analysis is rooted in several key factors including real interest rates, inflation, global adoption patterns, and the trajectory of the internet adoption curve. This complex interplay of factors, according to Timmer, could significantly influence BTC's future valuation.
Currently, Bitcoin is trading at $34,991. However, if the Treasury Inflation-Protected Securities (TIPS) real rate maintains its current level of +2.5%, Timmer suggests that Bitcoin could reach a value of $41,553 by 2025. A more dramatic scenario unfolds if real rates fall to the 2021 level of -2%. Under these conditions, Timmer predicts that Bitcoin could potentially witness a substantial 175% surge to $96,210.
This prediction reflects the potential impact of changing economic conditions on the trajectory of BTC's price. According to Timmer's model, the slope of the internet adoption curve and the course of real rates form a fair value band for BTC. The adoption curve for the leading cryptocurrency could be significantly influenced by these rate changes.
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