Fidelity: "Bitcoin (BTC) shows remarkable resilience despite macro headwinds"

JH Kim

Summary

Fidelity Investments said Bitcoin (BTC) is maintaining a solid trend despite macroeconomic uncertainty.
Jurrien Timmer noted that despite rising interest rates and a stronger dollar, Bitcoin prices have remained stable, suggesting the possibility of a paradigm shift.
He pointed to $60,000 as a key structural support level for Bitcoin, emphasizing that its long-term value underpinning remains intact.

Forecast Trend Report by Period

Bitcoin (BTC) is being assessed as maintaining a solid trend despite macroeconomic uncertainty.

Jurrien Timmer, director of global macro at Fidelity Investments, said on the 20th (local time) via X (formerly Twitter) that "rising interest rates and a stronger dollar typically act as negative factors for Bitcoin, but recently the price has remained stable even in this environment."

He added that "market movements are responding to structural shifts rather than short-term technical factors," citing the possibility of a paradigm shift for Bitcoin.

He also stressed that "$60,000 is a key structural support level for Bitcoin," emphasizing that the long-term value underpinning remains intact despite the possibility of a short-term decline.