Fidelity macro director Timmer targets $300,000 bitcoin by 2029 on power law
Fidelity's global macro director Jurrien Timmer says bitcoin's power law, holding $60,000 support, points to about $300,000 by 2029; a double bottom near $80,000 targets $100,000.
Why it matters
Bitcoin Insider said the call carries weight because Fidelity runs a spot bitcoin ETF plus custody and trading infrastructure for institutional clients, and Crypto News noted that the double bottom sits on the average cost basis of US spot bitcoin ETFs. Nothing reported tests the 2029 path, and the observable checks are whether bitcoin holds the pattern and what prediction markets price for the rest of 2026.
Where the sources disagree
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
reported value
$60,033
U.Today
$82K
Crypto News (CryptoNews.net)
U.Today reports $60,033, Crypto News (CryptoNews.net) reports $82K (27% apart).
size of the move
$87K
Crypto News (CryptoNews.net)
$57,800
Bitcoin.com News
Crypto News (CryptoNews.net) reports $87K, Bitcoin.com News reports $57,800 (34% apart).
Key facts
Timmer says bitcoin's power law model projects approximately $300,000 for bitcoin in 2029.
300,000 USDReported by U.Today
Timmer says bitcoin holding the $60,000 level signals a new cyclical bull market.
60,000 USDReported by U.Today
Bitcoin's 2026 double bottom lows were $60,033 and $57,742.
Disputed figureReported by U.Today
A break above $80,000 would confirm the double bottom and point to about $100,000.
100,000 USDReported by Crypto News (CryptoNews.net)
Crypto News reported the double bottom needs a weekly close above $82,000, which it translated to 24% upside and a $102,000 level.
82,000 USDDisputed figureReported by Crypto News (CryptoNews.net)
Bitcoin rose 45% to $87,000 from a $57,800 low that Crypto News dates to July.
87,000 USDDisputed figureReported by Crypto News (CryptoNews.net)
Timmer called 2026 'bitcoin's year off' in December 2025 and placed support in the $65,000 to $75,000 range.
65,000 USDReported by Bitcoin.com News
Kalshi traders put the chance of bitcoin topping $100,000 in 2026 at 39%, down from 41% a day earlier.
39 %Reported by Bitcoin.com News
What happened
Timmer says a power law that survived a hold at $60,000 points to about $300,000 for bitcoin in 2029, and The Daily Hodl quoted him saying a new cyclical bull market is underway. U.Today called $60,000 a critical line in the sand and said holding it confirms the model, while Crypto News hedged that a hold there may mark the start of a new cyclical bull market. Bitcoin.com News reported that his tone reversed after bitcoin broke $80,000, nine months after he called 2026 'bitcoin's year off' with support placed at $65,000 to $75,000. On the shorter horizon, Crypto News says completing the weekly double bottom needs a close above $82,000 for 24% upside to $102,000, while its earlier report and Bitcoin.com News say a break above $80,000 itself confirms the pattern and points to about $100,000. The low is dated two ways, with Bitcoin.com News placing $57,800 in late June and Crypto News calling it July's low, and Kalshi traders put the odds of bitcoin passing $100,000 in 2026 at 39%, down from 41% a day earlier.
How the story developed
- Official statement
Timmer posts weekly chart after bitcoin breaks $80,000
Late Friday, Timmer posted a weekly chart saying bitcoin was challenging key resistance at $80,000, and said he was sensing that a new four-year cycle bull market is underway.
- First report
First report by U.Today
Bitcoin to Hit $300,000 by 2029: Fidelity Director Backs Target With Pure Math
- Update
Power law call for $300,000 by 2029 reported
U.Today reported Timmer's conclusion that bitcoin completed its local bearish trend and is ready for long-term growth to $300,000 by 2029, with $60,000 described as a critical line in the sand.
- Update
Crypto News adds $82,000 close requirement for the double bottom
A later Crypto News report said the double bottom completes on a weekly close above $82,000, which it translated to 24% upside and a $102,000 level, and noted that $82,000 also served as the average cost basis of US spot bitcoin ETFs.
- Official statement
Official statement from Bitcoin.com News
Bitcoin Price Eyes $100K as Fidelity’s Timmer Flips From His ‘Year Off’ Call
- Update
Bitcoin falls below Timmer's December support band
Bitcoin.com News reports bitcoin dropped to $60,000 in early February and $57,800 in late June 2026, below the floor Timmer had flagged. Crypto News calls $57.8K the July low.
- Official statement
Timmer calls 2026 a year off and sets $65,000 to $75,000 support
Going into 2026, Timmer said bitcoin may have ended another four-year halving phase in price and time, then claimed 2026 could be 'bitcoin's year off' with support in the $65,000 to $75,000 range.
- Update
Bitcoin.com News documents the reversal and Kalshi odds
Bitcoin.com News reported the shift from Timmer's December 2025 caution to his bull case, and that Kalshi traders gave bitcoin a 39% chance of topping $100,000 in 2026, down from 41% a day earlier.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 26 Sept 2026, 11:20 UTC: U.Today — 1 independent source, 1 reports
- 26 Sept 2026, 13:48 UTC: Bitcoin Insider — 2 independent sources, 2 reports
- 27 Sept 2026, 07:30 UTC: Bitcoin.com News, official — 3 independent sources, 5 reports
- 27 Sept 2026, 16:55 UTC: The Daily Hodl — 4 independent sources, 6 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Bitcoin Price Eyes $100K as Fidelity’s Timmer Flips From His ‘Year Off’ Call | Independent | |
| U.Today Crypto media | Bitcoin to Hit $300,000 by 2029: Fidelity Director Backs Target With Pure Math | Original | |
| The Daily Hodl Crypto media | Fidelity Director Highlights Power Law Math Pointing to Bitcoin $300,000 by 2029 | Syndicated | |
| Bitcoin Insider Aggregator | $300,000 Bitcoin Price Target for 2029 Reaffirmed by Fidelity’s Jurrien Timmer | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Fidelity Executive Makes an Ultra-Bullish Price Forecast for Bitcoin | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Bitcoin – BTC to $300K? Fidelity says THIS level comes first | Syndicated |
Related events
Bitcoin stalls near $83,000 after repeated $87,000 rejections and declining U.S. spot ETF inflows
Bitcoin trades near $83,000 after multiple failures at $87,000 resistance, with U.S. spot ETF inflows dropping sharply and traders debating support levels.
Nine-day $3.08 billion US spot Bitcoin ETF inflow streak ends with $148.7 million outflow
US spot Bitcoin ETFs posted a $148.7 million net outflow on Wednesday, ending a nine-day streak worth $3.08 billion, the year's largest in dollar terms by SoSoValue data.
US government wallets moved $1.01B in seized Bitfinex Bitcoin to unlabeled addresses
US-linked wallets moved 12,267 BTC from the Bitfinex hack seizure to new unlabeled addresses, following earlier $470M-plus transfers to Coinbase Prime.
US Government Transfers Over $1 Billion in Seized Bitcoin to Coinbase Prime Across Three Days
US government-linked wallets moved roughly $103 million in Bitcoin and BNB on October 7, followed by $770 million in Bitcoin on October 7-8, and over $1 billion in Bitcoin on October 8, all to Coinbase Prime, with no official confirmation of sales.
U.S. government-linked wallets move 833.6 BTC and 40,285 BNB to Coinbase Prime
Wallets linked to the U.S. government moved 833.599 BTC worth about $71.6 million plus 40,285 BNB worth $31.63 million on Tuesday, with no sale confirmed.
XRP spot ETFs take inflows while Bitcoin, Ethereum and ZEC funds post outflows
XRP spot ETFs were the only crypto funds taking in money while Bitcoin, Ethereum and ZEC funds posted outflows, according to CoinDesk and CoinGape.
