Fidelity exec says Bitcoin showing surprising resilience

Jurrien Timmer, Director of Global Macro at Fidelity Investments, said Bitcoin is showing surprising resilience. Writing on X, he explained that non-yielding assets are typically hit harder by macroeconomic headwinds, but Bitcoin has remained robust despite such pressures in March. Timmer noted that while rising bond yields and a surging U.S. Dollar Index would normally trigger a sharp sell-off in assets like Bitcoin, the opposite is currently happening. He suggested the market is sensing a major paradigm shift rather than just reacting to short-term technical factors. Timmer added that $60,000 is an important structural support level for Bitcoin, and while a temporary dip below it is possible, the price is supported by fundamental valuation models.