Bitcoin Could Rise 257% to $300,000 by 2029, Analysts Say

Wall Street analysts, including Fidelity's Jurrien Timmer, predict Bitcoin could reach $300,000 by 2029, a potential 257% gain from its current price of about $84,500, signaling a possible new bull cycle. Timmer, a self-described "secular bull," cites Bitcoin's role as a hedge against currency debasement and fiscal uncertainty, alongside gold and real estate. He notes that past crypto winters lasted about a year, and the recent upward swing may mark a rebound after the slump began last October. Bitcoin's path to $300,000 depends on its store-of-value narrative, as investors seek alternatives to traditional 60/40 portfolios amid high costs of capital and geopolitical uncertainty. While Bitcoin is more volatile than gold, its capped supply and decentralized nature position it as a complementary diversifier rather than a replacement.