Fidelity executive says BTC has entered new bull cycle, eyes $300K by 2029

Bitcoin has entered a new bull cycle after holding the $60,000 level under a Power Law model, with a $300,000 target for 2029, Fidelity director of global macro Jurrien Timmer said. A power law refers to a functional relationship in which one variable changes in proportion to, or declines as a power of, another variable.