1 Unstoppable Cryptocurrency to Buy Before It Soars Over 250%, According to Wall Street Analysts
As investors look for ways to diversify, Bitcoin could soar to new highs.
Overview
Bitcoin (CRYPTO: BTC) has held above the $80,000 mark for two weeks, and many Wall Street analysts think the bottom may finally be in. Indeed, Jurrien Timmer, Director of Global Macro at Fidelity, sees Bitcoin reaching $300,000 in 2029, an eye-watering 257% upside on today's price of around $84,500. He thinks a new bull cycle is underway based on past performance and the growing appeal of alternative assets.
Timmer has long called himself a "secular bull" on Bitcoin, meaning he is optimistic about the lead cryptocurrency's long-term growth potential. A large part of that is because he sees Bitcoin, along with gold, silver, and real estate, as forms of hard money that could hedge against currency debasement and fiscal uncertainty.
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Originally published at www.fool.com.