Jurian Timmer, director of global macroeconomics at Fidelity Investments, said a recession could boost Bitcoin prices (Bitcoin) rose
Timmer told his 167,000 followers on the social media platform
According to the Timmer chart, it uses a price range derived from the Bitcoin adoption rate based on the historical adoption rate of the Internet. The actual interest rate ranges between 2% and -2%.
Looking at his chart, Timmer believes that Bitcoin’s upward movement could push the price to around $45,616 by the end of 2025. However, if interest rates decline, his chart suggests that Bitcoin could go higher, as it has reached a high At $96,210 before 2025. It has come to an end.
Timmer believes that a recession will force the Fed to change its stance on US monetary policy, and investors will likely view gold and bitcoin as safe investments. As a result, the prices of these two assets will rise.
Timmer also said that for Bitcoin to reach all-time highs, the Fed will need to pump more liquidity into the market. This is similar to what they did during the COVID-19 pandemic to stimulate the economy through quantitative easing, also known as money printing.
source: DailyHodl