“Bitcoin $100,000 May Be Conservative”
Jurrien Timmer: “Bitcoin at $100,000 may be conservative”
Me: “$100,000? By 2023? We may see $100,00 next month!!!!”
People just don’t get it. Maybe they do and I’m crazy but if I had to bet I’d say we see $100,000 way before 2023.
JPMorgan CEO Jamie Dimon said recently bitcoin is worthless. Morgan Stanley CEO James Gorman said Thursday crypto isn’t a fad, but isn’t sure on the outlook for prices.
Jurrien Timmer, Fidelity’s director of global macro, is more clear-minded on the direction for bitcoin: $100,000 by 2023.
“So this move up [in bitcoin] has come without the help of momentum chasers, which I think is a good sign because it means there is something else making bitcoin go up. And, that is fundamental demand for bitcoin and its network. When I come up with $100,000 [for bitcoin prices], that’s a conservative estimate based on the intersections of my supply model and my demand model,” Timmer said on Yahoo Finance Live.