Bitcoin forecast by one of the world’s largest asset managers sees BTC at $1,000,000,000
That’s right, you read correctly. We are not talking about a Bitcoin forecast of 1 million but $1 billion per Bitcoin (BTC). This forecast comes from one of the largest asset managers in the world, leaving even hardened BTC bulls open-mouthed. But let’s start at the beginning and take a look at where this Bitcoin price forecast originated.
Bitcoin price forecast using demand and stock-to-flow model
Many Bitcoin forecasts seem ludicrous, but $1,000,000,000 per BTC really dwarfs anything that has come before.
What is remarkable here is that this price target does not come from some YouTuber who wants to lure viewers to his video with a lurid forecast, but that it comes from one of the largest asset managers in the world. Namely, this is the top-off model from Fidelity, which has undoubtedly become the biggest BTC bull far and wide with this Bitcoin price forecast.
On several occasions, Jurrien Timmer, Director of Global Macro at Fidelity, had compared BTC to gold in 1970. The chart below was shared by Timmer on Aug. 20 and showed the similarities between the cryptocurrency and the precious metal’s chart.
