Fidelity Director: $100,000 BTC By 2023, Fails To See Bitcoin Power

Fidelity Director: $100,000 BTC By 2023, Fails To See Bitcoin Power

Jurrien Timmer showcased a profound misunderstanding of Bitcoin and its true potential on CNBC.Fidelity Investments director of global macro Jurrien Timmer appeared on CNBC today to discuss his bitcoin price prediction models, market outlook, and opinion on the current rally. Timmer shared a bearish prediction for BTC, bullish inclinations towards the dollar as the world's reserve currency, and a profound misunderstanding of the relationship between Bitcoin and gold.Timmer said the over 30 percent rally that Bitcoin has experienced this month had not been fueled by momentum traders,....


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