An executive at Fidelity Investments says that Bitcoin (BTC) may reach $100,000 by 2023, but that won\u2019t threaten the value of the US dollar (USD).
In a new interview with CNBC\u2019s \u201cSquawk on the Street,\u201d Fidelity Investments director of global macro Jurrien Timmer predicts that the largest crypto asset by market cap could be valued at $100,000 within the next two years.
Timmer\u2019s latest BTC price prediction follows a June about face after he previously said the crypto would fall as low as $23,000.
When CNBC co-anchor Morgan Brennan asked if BTC\u2019s recent global use cases, such as El Salvador\u2019s adoption of the cryptocurrency on a national scale, threatens the value of the USD, Timmer replied, \u201cI really don\u2019t think Bitcoin threatens the dollar or the dollar\u2019s reserve status.
\u201cI know that\u2019s a common narrative among the hardcore Bitcoiners, and I do not subscribe to that at all\u201d, he added. BTC is trading at $57,427, up by 37.9% over the past fourteen days.
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An executive at Fidelity Investments says that Bitcoin (BTC) may reach $100,000 by 2023, but that won\u2019t threaten the value of the US dollar (USD).In a new interview with CNBC\u2019s \u201cSquawk on the Street,\u201d Fidelity Investments director of global macro Jurrien Timmer predicts that the largest crypto asset by market cap could be valued at …<\/p>\n","protected":false},"author":13,"featured_media":52856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,37,36],"tags":[6904,7797,6871],"class_list":["post-52852","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-forex-markets","category-market-updates","tag-bitcoin","tag-fidelity-investments","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52852"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52852\/revisions"}],"predecessor-version":[{"id":52857,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52852\/revisions\/52857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52856"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}