Fidelity analyst predicted the bitcoin price to rise to $144 000 by 2025
Global Macro Director Jurrien Timmer used a modernized Stock-to-Flow model in his assumption
03.06.2022 - 16:50
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What’s new? Fidelity Investments Global Macro Director Jurrien Timmer believes that the price of bitcoin could rise to $63 000 by the end of this year and to $144 000 by 2025 under the best-case scenario. He came to this conclusion by using the Stock-to-Flow (S2F) model popular among crypto investors and supplementing it with an S-curve that mimics the mobile phone adoption curve, which, according to the expert, can be used to determine bitcoin’s adoption rate and overall network growth. Timmer added that S2F does not take into account all the factors affecting the value of the first cryptocurrency.
Assuming the mobile phone curve is a more viable analog, its curve suggests a strongly growing network for Bitcoin in the years ahead, but the more asymptotic internet curve raises the possibility that perhaps Bitcoin’s growth curve is more mature than my models have assumed /19 pic.twitter.com/VhdZUDRZbq— Jurrien Timmer (@TimmerFidelity) June 2, 2022
S2F measures the relationship between the available stock of an asset and its production volume. The model was created by anonymous crypto analyst PlanB to predict the bitcoin rate.
As of June 3, 15.20 UTC, bitcoin is trading at $29 433, according to Binance.
What events happened before? Economist and founder of HS Dent Publishing Harry Dent allowed the possibility of the bitcoin price to fall below $3 000. In this, he believes the value of the first cryptocurrency could reach $500 000 at the next rise of the crypto market. Dent also expects the widespread adoption of BTC as a digital monetary standard in the long term.
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