Fidelity's Global Macro Director Says Bitcoin's Four-Year Cycle Bull Market May Have Started

Fidelity Investments' Global Macro Director Jurrien Timmer stated that Bitcoin has begun to rise after consolidating in the support range of around $60,000 for nearly a year, indicating that a new four-year cycle bull market may have started. Timmer pointed out that the Z-score of BTC/gold has shifted from -100% to a positive value, which historically has typically confirmed a bottom. He also mentioned that we are currently in a new long-term paradigm with higher capital costs, and the government may respond with financial repression.

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