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Fidelity Executive: Bitcoin Power Law Model Indicates New Bull Market Cycle, Target Price of $300,000 by 2029

On September 26, Jurrien Timmer, Global Macro Director at Fidelity Investments, stated on social media that the mathematical calculations of Bitcoin's 'power law' continue to indicate that a new cyclical bull market is forming after holding the $60,000 level, with a target price of $300,000 by 2029. Timmer also included a chart illustrating Bitcoin's power law valuation as evidence. It should be noted that the power law model is a long-term trend fitting tool, and its extrapolated prices are not deterministic predictions; actual trends are still influenced by liquidity, regulation, and changes in market structure.

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