
Fidelity Global Macro Director Jurrien Timmer stated that Bitcoin maintaining the $60,000 level indicates a new upward cycle.
AI-generated summary
Power Law is a model that assumes that the relationship between two variables proceeds according to a mathematical force and is used to analyze the long-term growth trend of Bitcoin.
Fidelity manager Jurrien Timmer made an important claim regarding Bitcoin's recent price movements. Timmer, who serves as Global Macro Director at Fidelity, stated in his post on X that he thinks Bitcoin has entered a new bull cycle.
One of the highlights of Timmer's evaluation was that Bitcoin maintained the level of 60 thousand dollars according to the Power Law model.
According to the famous manager, protection of this region indicates that a new upward cycle may have begun in terms of Bitcoin's long-term price trend.
Claim of 300 thousand dollars for 2029
In his long-term projection, Timmer suggested that the price of Bitcoin could reach 300 thousand dollars in 2029.
The prediction in question is based on the Power Law model, which evaluates Bitcoin's past price movements within a long-term growth curve.
Power Law is known as a model that assumes that the relationship between two variables proceeds according to a certain mathematical force. In Bitcoin analysis, this approach is used to predict the growth trend of the price over many years.
The model focuses on Bitcoin's long-term growth trend rather than short-term price movements.
AI outlook — possibilities, not facts
Bitcoin price to reach 300 thousand dollars in 2029.
Speculative · Within years

Hester Peirce, who has been an SEC commissioner since 2018 and known for her pro-crypto stance, resigned from her position with an official letter.

US analyst Benjamin Cowen stated that he could not predict what will happen in the short term after Bitcoin exceeds its May peak. Cowen stated that the bears are now the side that needs to prove itself.

The distribution of assets stolen in the attack on the cryptocurrency exchange Bitget was announced by Lookonchain. Assets with a total value of $356.9 million include XRP, ETH and various stable coins.

Ondo Finance plans to expand its collaboration with BlackRock to develop on-chain 'Smart Portfolios' products based on BlackRock's portfolio models. These products will create basket-type tokenized investment products that include stocks, bonds and cryptocurrencies. Ondo is currently active in the RWA space with its OUSG product, which is based on BlackRock's tokenized money market fund BUIDL.

According to the data of the Basel Committee on Banking Supervision for the second half of 2025, the weight of Bitcoin in the crypto portfolios of banks in America decreased from 75.8 percent to 44.2 percent, while the share of Ether, Solana and XRP increased.

In FATF's September 2026 Türkiye assessment report, it was stated that crypto asset service providers generally assessed money laundering risks correctly and had comprehensive information about their liabilities. However, it was emphasized that risk awareness regarding terrorist financing is limited, there are still deficiencies in PEP and suspicious transaction reporting, and the effectiveness of the regulations cannot be evaluated since they have not yet been fully implemented.