Fidelity's Director of Global Macro: Bitcoin Price Has Returned to What I Consider Fair Value Range

Jurrien Timmer, Director of Global Macro at Fidelity, took to the social media platform to share his thoughts on the price of Bitcoin. He stated, "Bitcoin's price has returned to what I believe is the fair value range ($39,025 - $78,337). The slope of the curve is based on the internet adoption curve from decades ago and the width is based on a range of real rates of -2% (top $78,337) and +2.5% (bottom $39,025)."