Bitcoin Rally Predicted by Fidelity’s Timmer as Funds Rotate from Gold

Fidelity’s Director of Global Macro Jurrien Timmer predicts a bullish Bitcoin rally driven by a gradual capital rotation out of gold and into crypto. Bitcoin’s rebound from the low $60,000s to around $78,000 and a consolidation phase are cited as a base for a potential breakout (watch $80,000). Institutional endorsement from Fidelity, on-chain accumulation, declining exchange reserves and macro conditions (inflation, loose policy) are listed as catalysts. Analysts propose targets of $100,000–$150,000 if buying persists, though regulatory risk and volatility remain key downside risks. The view signals potential material institutional flows into BTC that could amplify price upside over coming months.