Bitcoin to Hit $300,000 by 2029: Fidelity Director Backs Target With Pure Math

What happened

A Fidelity director, macro chief Jurrien Timmer, used Power Law math to model a new Bitcoin bull market. His model targets a Bitcoin price of $300,000 by 2029.

Confirmed

Global impact / market context

If Bitcoin rises toward that target, investors holding it could see large gains. A higher price could also draw more money into crypto, which may lift related companies and assets, though the model is not a guarantee.

Analyst inference

Bitcoin is a volatile asset, so a $300,000 forecast from a Fidelity director may shape investor expectations. It can affect buying and selling decisions, but the Power Law model is a method, not a promise of future prices.

Analyst inference

What to watch

1. Jurrien Timmer is Fidelity's macro chief and used Power Law math to model a new Bitcoin bull market targeting $300,000 by 2029. Confirmed
2. Watch whether Bitcoin's actual price moves toward the $300,000 target over time, since missing it could weaken confidence in the model and reduce crypto buying. Analyst inference
3. Investors could treat the $300,000 target as one scenario, not a certainty, and avoid risking money they cannot afford to lose on a single forecast. Proposed

Affected assets

• BTC — Bitcoin

Evidence

• u.today