Fidelity

Bitcoin has rallied roughly 45% and is now approaching the $100,000 mark, drawing renewed attention from institutional investors. Analysts at Fidelity have suggested the cryptocurrency could reach as high as $300,000 in the current market cycle, fueling optimism among traders. The forecast comes as momentum builds across the crypto market, with investors weighing whether the rally can be sustained.

Jurrien Timmer, Fidelity's director of global macro, says the Bitcoin bull market is back on, forecasting a price of $300,000 by 2029. The call from a senior strategist at one of the world's largest asset managers adds weight to a renewed bullish sentiment around Bitcoin, with investors watching whether institutional forecasts translate into sustained buying momentum.

Jurrien Timmer, Fidelity's director of global macro, says mathematical models support Bitcoin climbing to $300,000 by 2029. The projection puts one of Wall Street's best-known strategists behind a bullish long-term forecast for the cryptocurrency, a notable endorsement from a major traditional asset management firm and a talking point for crypto investors weighing institutional sentiment.

Fidelity says Bitcoin has entered a new bull market and projects the price could reach $300,000 by 2029. The forecast from one of the world's largest asset managers is drawing attention across crypto and financial circles, as analysts weigh whether institutional backing signals a longer, more sustained rally for the asset.