Fidelity's Jurrien Timmer Says Bitcoin's New Four-Year Bull Cycle May Have Started

Fidelity Investments Global Macro Director Jurrien Timmer said Bitcoin began moving higher after consolidating near the $60,000 support zone for nearly a year, a period he said is comparable to a typical Bitcoin winter. According to ChainCatcher, Timmer said this suggests a new four-year cycle bull market may already be underway. Timmer also said the BTC-gold Z-score has moved from -100% to positive territory, a signal that has historically confirmed a bottom. He added that the current environment reflects a new long-term regime with higher capital costs, and that governments may respond with financial repression.