Fidelity Expert Projects Bitcoin at $300,000 in 2029

Fidelity Global Macro Director Jurrien Timmer, in his analysis of Bitcoin’s long‑term price trajectory, noted that power‑law models set a target of $300,000 for the cryptocurrency in 2029. Timmer explained that the forecast is grounded in mathematical approaches based on the fundamental supply‑and‑demand dynamics and growth trends of the crypto market. The power‑law model posits that asset prices follow a particular distribution over time, and the 2029 target reflects a sustainable growth path implied by current market trends. The analyst suggested that Bitcoin reaching $300,000 in 2029 could be facilitated by the cryptocurrency’s expanding role in the global financial system and increasing interest from institutional investors. In this context, market participants are expected to reassess their risk tolerances and liquidity needs. Investors should keep in mind that such long‑term projections can vary with market volatility and regulatory changes. This is not investment advice.