Fidelity Investments thinks the price of Bitcoin will be going much higher!

[BTCETFInvestor]

Fidelity Investments thinks the price of Bitcoin will be going much higher!

Fidelity has been closely monitoring the development of Bitcoin more than most TradFi institutions. Jurrien Timmer, Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — 2040. If Bitcoin reaches $1 billion, an investment of $1,000 would be worth $16.7 million in 2038. A minimum investment of $60 or 0.001 BTC would be needed to become a millionaire.

Fidelity Investments (a.k.a. Fidelity Brokerage) has discussed the future likelihood of making a forward split in the shares of their spot Bitcoin ETF (exchange-traded-funds) 'FBTC' when the price of Bitcoin gets very high. It's felt at some point in time when the price of Bitcoin gets very high a forward split will be necessary to lower the share price of their spot Bitcoin ETF (FBTC), making the shares less expensive and more accessible to average investors - without affecting the value of the investment.

Fidelity Investments is a massive, privately-held 'global' financial services firm that manages $6.4 trillion in total discretionary assets and oversees $16.4 trillion in assets under administration (AUA). It serves over 40 million individuals and is one of the largest asset managers in the United States.  

Fidelity uses its own subsidiary, Fidelity Digital Asset Services LLC, to provide custody and secure the Bitcoin held by its FBTC (Fidelity Wise Origin Bitcoin Fund) ETF, keeping the assets 'in-house' rather than outsourcing the function to a third-party custodian.  

[Paddy man]

Fidelity Investments thinks the price of Bitcoin will be going much higher!

Fidelity has been closely monitoring the development of Bitcoin more than most TradFi institutions. Jurrien Timmer, Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — 2040. If Bitcoin reaches $1 billion, an investment of $1,000 would be worth $16.7 million in 2038. A minimum investment of $60 or 0.001 BTC would be needed to become a millionaire.

Fidelity Investments (a.k.a. Fidelity Brokerage) has discussed the future likelihood of making a forward split in the shares of their spot Bitcoin ETF (exchange-traded-funds) 'FBTC' when the price of Bitcoin gets very high. It's felt at some point in time when the price of Bitcoin gets very high a forward split will be necessary to lower the share price of their spot Bitcoin ETF (FBTC), making the shares less expensive and more accessible to average investors - without affecting the value of the investment.

Fidelity Investments is a massive, privately-held 'global' financial services firm that manages $6.4 trillion in total discretionary assets and oversees $16.4 trillion in assets under administration (AUA). It serves over 40 million individuals and is one of the largest asset managers in the United States.  

Fidelity uses its own subsidiary, Fidelity Digital Asset Services LLC, to provide custody and secure the Bitcoin held by its FBTC (Fidelity Wise Origin Bitcoin Fund) ETF, keeping the assets 'in-house' rather than outsourcing the function to a third-party custodian.  

Honestly, $1 billion per BTC sounds crazy to me, but then again, a lot of people thought $10k or even $100k was impossible years ago. What stands out to me is that big firms like Fidelity are even making these kinds of projections. Whether they’re right or not, it shows how much more serious traditional finance has become about Bitcoin compared to just a few years ago.

[BTCETFInvestor]

Fidelity Investments thinks the price of Bitcoin will be going much higher!

Fidelity has been closely monitoring the development of Bitcoin more than most TradFi institutions. Jurrien Timmer, 30 years at Fidelity and Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — 2040. If Bitcoin reaches $1 billion, an investment of $1,000 would be worth $16.7 million in 2038. A minimum investment of $60 or 0.001 BTC would be needed to become a millionaire.

Fidelity Investments (a.k.a. Fidelity Brokerage) has discussed the future likelihood of making a forward split in the shares of their spot Bitcoin ETF (exchange-traded-funds) 'FBTC' when the price of Bitcoin gets very high. It's felt at some point in time when the price of Bitcoin gets very high a forward split will be necessary to lower the share price of their spot Bitcoin ETF (FBTC), making the shares less expensive and more accessible to average investors - without affecting the value of the investment.

Fidelity Investments is a massive, privately-held 'global' financial services firm that manages $6.4 trillion in total discretionary assets and oversees $16.4 trillion in assets under administration (AUA). It serves over 40 million individuals and is one of the largest asset managers in the United States.  

Fidelity uses its own subsidiary, Fidelity Digital Asset Services LLC, to provide custody and secure the Bitcoin held by its FBTC (Fidelity Wise Origin Bitcoin Fund) ETF, keeping the assets 'in-house' rather than outsourcing the function to a third-party custodian.  

Honestly, $1 billion per BTC sounds crazy to me, but then again, a lot of people thought $10k or even $100k was impossible years ago. What stands out to me is that big firms like Fidelity are even making these kinds of projections. Whether they’re right or not, it shows how much more serious traditional finance has become about Bitcoin compared to just a few years ago.

Yeah, but I don't think anything is beyond the realm of possibility when it comes to the price of Bitcoin over the next decade or two.

It doesn't take much to grasp the importance of when BTC hits $1 million, that Bitcoin will be almost equal to the market cap value of all the above ground gold, which currently stands at $24 Trillion.  

BTC supply of 21 million x $1 Million = $21 Trillion) When BTC hits $1 million, I think that milestone will shake the earth in a marvelous way. I don't think that achievement is more than about five or 6 years away.    

With Bitcoin's supply limited to a maximum of 21 million - with probably at least 3-4 million being permanently lost - it's easy to see that Bitcoin is unlike fiat in terms of inflation by printing more.  

You can easily find the Fidelity crypto expert's $1 Billion prediction many places, but here is a link: https://medium.com/coinmonks/fidelity-predicts-1-billion-bitcoin-db635f226195  

[Luzin]

Fidelity Investments thinks the price of Bitcoin will be going much higher!

Fidelity has been closely monitoring the development of Bitcoin more than most TradFi institutions. Jurrien Timmer, Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — 2040. If Bitcoin reaches $1 billion, an investment of $1,000 would be worth $16.7 million in 2038. A minimum investment of $60 or 0.001 BTC would be needed to become a millionaire.

You should understand that investment companies will offer attractive deals to attract new customers. In theory, that's how demand works. But you have to understand how Bitcoin got to this price point. Especially with the current volatile and uncertain global situation, the market is likely to undergo many changes. Additionally, there are predictions about supercomputers, which could solve blockchain algorithms much faster. This is a real threat. In fact, not long ago, El Salvador's President Nayib Bukele moved his Bitcoin reserves to multiple addresses. This is one way to avoid this issue. I even think the Bitcoin community should quickly establish a new consensus adjustment to address the arrival of supercomputers.

[Darker45]

Fidelity has been making exaggerated predictions for a quite a while now. But it's not surprising knowing how big their stake in the market is. It isn't one-of-a-kind, either, although it's probably the most optimistic forecast among them. But we've also heard the exaggerated predictions of Novogratz, Cathie Wood, Keiser, and many others.

It's understandable why they want to make it appear as though their generous predictions are realistic or based on math or statistics. They have huge investments in Bitcoin. They're the first to benefit from it. And they want to turn these predictions into self-fulfilling prophecies.

[Outhue]

The question is if they don't give out exaggerated price like this who is going to turn to exit liquidity for those biggest whales to exit the market? They did the same in 2017 and 2021, in my own playground I always feel the top is around the corner when exaggerated predictions are coming out of these whales mouth, if you are still holding Bitcoin you want to be very careful unless you have a plan to hold for long term.

I have been taking profits since 100k and I am almost out of my bitcoin holding, even if bitcoin have one more rally into 150k I've made a lot of profit already, those who want to be greedy are free to continue but those who will get caught will still get caught.

[Basels]

That one-billion-dollar price tag sounds like a huge joke right now, but I've always thought that with this asset, anything is possible. It wasn't that long ago that a $100,000 Bitcoin seemed impossible, and we're seeing that reality today. I think the big players in the spot Bitcoin ETF market are systematically shilling the coin to benefit themselves. BlackRock has already spent millions on ads, and these companies are definitely profiting big time from Bitcoin. After all, why wouldn't they put their money where their food is?

[BitGoba]

Fidelity Investments thinks the price of Bitcoin will be going much higher!

Fidelity has been closely monitoring the development of Bitcoin more than most TradFi institutions. Jurrien Timmer, Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — 2040. If Bitcoin reaches $1 billion, an investment of $1,000 would be worth $16.7 million in 2038. A minimum investment of $60 or 0.001 BTC would be needed to become a millionaire.

Fidelity Investments (a.k.a. Fidelity Brokerage) has discussed the future likelihood of making a forward split in the shares of their spot Bitcoin ETF (exchange-traded-funds) 'FBTC' when the price of Bitcoin gets very high. It's felt at some point in time when the price of Bitcoin gets very high a forward split will be necessary to lower the share price of their spot Bitcoin ETF (FBTC), making the shares less expensive and more accessible to average investors - without affecting the value of the investment.

Fidelity Investments is a massive, privately-held 'global' financial services firm that manages $6.4 trillion in total discretionary assets and oversees $16.4 trillion in assets under administration (AUA). It serves over 40 million individuals and is one of the largest asset managers in the United States.  

Fidelity uses its own subsidiary, Fidelity Digital Asset Services LLC, to provide custody and secure the Bitcoin held by its FBTC (Fidelity Wise Origin Bitcoin Fund) ETF, keeping the assets 'in-house' rather than outsourcing the function to a third-party custodian.  

Bitcoin doesn’t have a “top price” because fiat currencies have no floor. Fiat currencies, like the dollar, the euro, and over 180 other global fiat currencies, be printed endlessly by central banks, which means their value will continue to decline forever. Bitcoin, on the other hand, has a fixed monetary policy the total supply is capped at 21 million and no more can be created. This preserves its value over time, unlike fiat currencies, which is constantly losing value.

[bhadz]

That's too much if the price reaches $1B by that year. While it sounds optimistic for them but we know why they're pulling this. If it's just me, I like to see it a billion dollar so that we're all billionaires. Even in our fiat money, that's already a lot and set for generational wealth. But we have to understand why they're predicting too much. A $1M is acceptable and we're on the way there but having a x1000 after it hits $1M is so high. They might be right someday but we have to be realistic or should we say that $100k is unreal before when Bitcoin was just $10-$500?

[348Judah]

Fidelity Investments thinks the price of Bitcoin will be going much higher!

This is normal, since its a volatile currency and we know how we can get positioned for the market each time we saw it on a particular stage, most people now follows on the twites from some of these financial investment organizations to know about what they are saying or perceiving about the market, while they are also part of the news that constitutes the internet creating FUD over the way some see it, even though we may experience more pump in bitcoin, saying it has it own implication towards the market and Fidelity may be aiming at selling or buying more if the market react toward it.

[Dave1]

I try to find the source, and this prediction was in 2021,

https://medium.com/coinmonks/fidelity-predicts-1-billion-bitcoin-db635f226195

$1,000,000,000. A lot of zeroes. In 2021, a billion dollars seems like a lot of money. Even in 2038, it will be a lot of money. Jurrien Timmer, Director of Global Macro at Fidelity Investments, believes that one Bitcoin could be worth $1 billion by the year 2038.

Just weird that he skip $500,000 and directly go to what most of us wanted to hear, that Bitcoin will reach this incredible price in the next 13 years. So who wouldn't want to see the price in the future?

And obviously, you don't need to hold 1 BTC to become a self made millionaire and probably our mindset will shift to just continue to stack sats for the next 10 years or so to make us rich.

[BTCETFInvestor]

I try to find the source, and this prediction was in 2021,

https://medium.com/coinmonks/fidelity-predicts-1-billion-bitcoin-db635f226195

$1,000,000,000. A lot of zeroes. In 2021, a billion dollars seems like a lot of money. Even in 2038, it will be a lot of money. Jurrien Timmer, Director of Global Macro at Fidelity Investments, believes that one Bitcoin could be worth $1 billion by the year 2038.

Just weird that he skip $500,000 and directly go to what most of us wanted to hear, that Bitcoin will reach this incredible price in the next 13 years. So who wouldn't want to see the price in the future?

And obviously, you don't need to hold 1 BTC to become a self made millionaire and probably our mindset will shift to just continue to stack sats for the next 10 years or so to make us rich.

Here is another linked source from Yahoo Finance titled 'Holding 0.001 Bitcoin Could Make You A Multimillionaire, According To Fidelity Director' that is dated more recently on April 18, 2024:

►  https://finance.yahoo.com/news/holding-0-001-bitcoin-could-190859523.html

[IjawMan]

I love how big private companies like Fidelity investments are thinking big on bitcoin it is how bitcoin believers in a long term projection hodlings should be thinking.

1 billions dollars for a single bitcoin may tickle the ears and mull over the mind for what bitcoin price is presently and the distance in that to 1 billion dollars. It can be possible by that year 2038-40.

We should not limit bitcoin, it possibilities are endless, 2040 is 15 years from now, and backdating bitcoin 15 years ago there were times people doubted bitcoin could get to $100, 000 comparing the price of that period to $100, 000, but presently the ATH is $124, 290.93.

[Z-tight]

Predictions like this is nothing new, we all make predictions about the price of BTC, either you are doing it at dinner with your friends that are also bitcoiners, or like the giant company Fidelity Investments, that makes exaggerated predictions, knowing it would get the media talking about it and it could attract investors as well.

Don't make too much of their prediction and understand the place it is coming from. They are huge investors, so a rise in price is favorable to them, as much as to other bitcoiners, so it doesn't hurt to talk big about it and we'll see.

[hd49728]

Predictions like this is nothing new, we all make predictions about the price of BTC, either you are doing it at dinner with your friends that are also bitcoiners, or like the giant company Fidelity Investments, that makes exaggerated predictions, knowing it would get the media talking about it and it could attract investors as well.

Don't make too much of their prediction and understand the place it is coming from. They are huge investors, so a rise in price is favorable to them, as much as to other bitcoiners, so it doesn't hurt to talk big about it and we'll see.

Price predictions are so emotional or arbitrary and no matter how people make price predictions, it's hard to do this accurately in both price and time. Like I could predict Bitcoin price will be $100,000 when I was in years like 2010, 2014 or 2018, but the next big information is when Bitcoin will hit $100,000.

It's never easy to predict price but it's harder to time the market and if we need both conditions: accurate price, and exact time, it's impossible to make such prediction.

Bitcoin by its history already shows its strength and I don't feel that I need to predict Bitcoin price. What I believe in is Bitcoin will grow up more in network hashrate (means its blockchain will become more secure), adoption, value then price will logically rise up a lot with time. I also believe that if I can hold my bitcoin, I will be able to enjoy its growth including price growth.