Advertisement
AD

Main navigation

Fidelity's Jurrien Timmer Says Bitcoin Could Drop to $23,000

Advertisement
Fri, 4/06/2021 - 19:28
Fidelity's Jurrien Timmer Says Bitcoin Could Drop to $23,000
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Jurrien Timmer, head of global macro at Fidelity Investments, believes that Bitcoin could be on track to drop back to $30,000 or $23,000, its lowest level since Dec. 23.

Advertisement
Article image
Image by @TimmerFidelity

However, he also adds that most of the cryptocurrency’s decline is likely already behind.

On June 2, Timmer opined that gold and silver were “regaining the inflation hedge narrative” due to Bitcoin seeing a sharp decline in May:
But with bitcoin down 50% from its highs, gold is picking up steam, following real rates and monetary policy.

Related
The largest cryptocurrency is currently trading at $37,088 on the Bitstamp exchange after dropping to an intraday low of $35,575 earlier today on the Elon Musk “breakup” tweet.

Advertisement

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD