BTC will reach $ 100,000 in the next few years

BTC will reach $ 100,000 in the next few years

Jurrien Timmer-Director of Global Macro at Fidelity-believes that Bitcoin will be traded at $ 100,000 by 2023. With regard to the correlation with gold, he said that both assets were "different players in the same team".

The way to $ 100,000

The price of Bitcoin was and will most likely remain one of the hottest topics in the field of cryptocurrencies. Future forecasts are also often discussed, and at the end of 2021 is the next time goal, in which many supporters and analysts Bitcoin knock to $ 100,000.

This is the case at Bloomberg's Senior Commodity Strategist - Mike McGlone. Last month, the expert took into account the increasing acceptance of Bitcoin and the decreasing active offer Predict that it will land at $ 100,000 by the end of 2021.

Jurrien Timmer - Director of Global Macro at Fidelity - also believes that BTC could go into a six -digit range, but his time frame is larger. In one recent interview With CNBC he stated that the USD value of BTC will have five zeros by 2023:

"I have an offer model and a demand model, and the next and last time that these two models overlap, is around $ 100,000 in a few years."

Timmer also touched another popular topic - the correlation between the primary cryptocurrency and gold. He said the two assets were not competitors, but "two different players in the same team". However, he would rather compare the cryptocurrency with the multinational technology giant Apple:

"I have another study in which I actually compare it to the network of Apple, its evaluation and its size."

Jurrien Timmer, Twitter

BTC and the dollar

Timmer also said that Bitcoin "somehow" will remain connected to the American dollar. He added that the leading digital asset is currently "somehow chunky, slow and not very stable". As such, it does not threaten the dominance of the US state currency:

"I really don't think Bitcoin threatens the dollar or reserve status of the dollar. I don't think the hegemony of the dollar is at risk as a reserve currency."

Fidelitys director too mentioned The two assets last month when he radiated his thoughts about the introduction of Bitcoin in El Salvador. He called the state's decision "new and interesting development", but considers the meaning to be "a little exaggerated":

"It is not the case that El Salvador dropped the US dollar as his bond-it is not as if it had switched from dollar as a currency binding to Bitcoin. It still has the dollar, and people can decide to be paid in dollars. So that is essentially a voluntary thing."

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