Fidelity Investments\u2019 global macro director Jurrien Timmer is updating his outlook on Bitcoin (BTC<\/a>) following the latest price surge.<\/p>\n Timmer tells<\/a> his 173,000 followers on the social media platform X that Bitcoin could soar beyond $96,210 by 2025 due to two main factors.<\/p>\n He lays out a scenario<\/a> for Bitcoin\u2019s price performance in the coming years based on real interest rates, which is the interest rate minus inflation, and BTC\u2019s adoption rate, which is based on historical internet adoption.<\/p>\n Says Timmer,<\/p>\n \u201cWith Bitcoin moving up once again, will its adoption curve accelerate as it did a few years ago? And how does the macro trend on rates affect it? Here\u2019s some data to consider: <\/em><\/p>\n [Below], I show a fair value band based on both the slope of the internet adoption curve and the path for real rates. The bottom boundary assumes a TIPS (Treasury Inflation-Protected Securities) real rate of +2.5% (where we are at currently) and the upper boundary assumes -2% (where we were in 2021).<\/em><\/p>\n The macro can speed up or slow down the adoption curve, which we have seen play out recently.\u201d<\/em><\/p>\n Looking at his chart, the analyst predicts Bitcoin\u2019s price would hit the lower bound of $41,553 in 2025 if the TIPS real rate remains as high as the current rate. However, if real rates decline to what it was in 2021, he predicts BTC would soar in 2025 to $96,210, a 175% increase from its current value.<\/p>\n Bitcoin is trading for $34,991 at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
Check Price Action<\/a><\/span><\/em>
\n
Follow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
Surf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n
![](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\")
<\/p>\n