According to multiple sources, including Jurrien Timmer, Director of Global Macro at Fidelity, the investment firm has made several bold forecasts regarding Bitcoin’s future value. One such prediction is that one Bitcoin may be worth $1 billion by 2038​.

This prediction is based on Timmer’s analysis of Bitcoin’s growth potential, drawing parallels with the historical performance of stocks.

He notes that $1 invested in stocks in the 18th century is now worth approximately $4 billion today. By extrapolating this concept, Timmer suggests that if $1 million today were to experience similar growth rates over the next twenty years, it could potentially reach a value of $1 billion.

Fidelity has also previously predicted that Bitcoin will reach $100 million price levels by 2035 using the Stock-to-Flow model. More recently, Jurrien Timmer forecasted that Bitcoin will reach $100,000 by the end of 2023.

While these predictions are ambitious and subject to market fluctuations, they demonstrate Fidelity’s confidence in Bitcoin’s long-term potential. As the cryptocurrency continues to evolve and gain mainstream acceptance, only time will tell if these forecasts become a reality​.

Bitcoin Versus is not a financial advisor. This media platform reports on financial subjects purely for educational and entertainment purposes only. Do your own due diligence and contact a professional financial advisor for any advice on how to invest your money.