Fidelity Investments top manager Jurrien Timmer believes that by 2023 the rate of the first cryptocurrency could reach $ 100,000.
During an interview on CNBC, Timmer (Jurrien Timmer) stated that the 30% rise in the bitcoin rate over the past month was caused by non-speculative traders. The point is in the balance of supply and demand, which swung in the direction of demand. And, according to the analyst, the growth of BTC may continue, and the $ 100,000 mark will be conquered by 2023.
Timmer is also confident that Bitcoin is the best version of gold and will surpass the precious metal in terms of capitalization in the future. At the same time, both assets will continue to exist and will complement each other:
“Bitcoin is a tougher version of gold. The supply of bitcoin is decreasing, and gold does not have such a factor, so it is logical that bitcoin will surpass gold. They are two different players, but they play on the same team. ”
A top manager at Fidelity Investments does not see bitcoin as a threat to the dollar’s position on the world stage. According to Timmer, Bitcoin may act as another guarantor for the dollar’s status as the world’s reserve currency. In the future, the first cryptocurrency may slightly change its role – to become not only a store of value, but also a medium of exchange. But it depends on the development of second-tier projects for bitcoin.
In mid-September, Fidelity Investments held a presentation to the SEC as part of a closed meeting in an attempt to convince the regulator of the need to approve the Bitcoin ETF.
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