Fidelity's Timmer: Bitcoin Rally Got Overheated

2023-5-12 18:30

Fidelity Director of Global Macro Jurrien Timmer has drawn strong parallel between market dynamics of Bitcoin and gold, while sounding alarm about Bitcoin's potential overvaluation at the $30K mark

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Why Bitcoin Is Undervalued According To This Expert’s “Conservative” Model

According to Fidelity’s Jurrien Timmer, Bitcoin is currently undervalued. The benchmark crypto has been pushed back to 2020 levels after losing over 70% of its value in the past months. Related Reading | Crypto Traders Lose $280 Million Following Bitcoin’s Break Above $22,000 At the time of writing, Bitcoin has begun showing some green as it makes its way back above its 2017 all-time high levels.

2022-7-9 00:01