Jurrien Timmer, global macro director at Fidelity Investments, has shifted from his cautious stance in July and now sees Bitcoin targeting $300,000 by 2029. Bitcoin fell to about $58,000 in June but was recently trading around $84,000. Timmer said a mathematical model based on power-law analysis confirmed that holding $60,000 marked the start of a new cyclical bull market. The $300,000 target is roughly 3.6 times the current price.