This would be crazy if true.
If you have invested in any cryptocurrency such as bitcoin, ethereum, XRP, or Dogecoin, you know investing in it can be a roller coaster of emotions.
Several top financial CEO’s have spoken out in favor of and against crypto’s and to be honest, it seems like no one really knows what will happen in the future.
Now, according to Yahoo Finance, Fidelity’s director of global macro Jurrien Timmer is claiming that predicting bitcoin hitting $100,000 by 2023 is actually “conservative” thinking and it could go much higher.
“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.
Bitcoin took a steep dive earlier this year and appears to have already bounced back in a big way.