{"id":474760,"date":"2024-01-24T11:32:12","date_gmt":"2024-01-24T11:32:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=474760"},"modified":"2024-01-24T11:32:12","modified_gmt":"2024-01-24T11:32:12","slug":"bitcoin-price-prediction-as-fidelity-says-btc-is-trading-at-fair-value-analysts-predict-this-bitcoin-cloud-mining-ico-might-explode-on-launch","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-fidelity-says-btc-is-trading-at-fair-value-analysts-predict-this-bitcoin-cloud-mining-ico-might-explode-on-launch","title":{"rendered":"Bitcoin Price Prediction: As Fidelity Says BTC Is Trading At ”Fair Value,” Analysts Predict This Bitcoin Cloud Mining ICO Might Explode On Launch"},"content":{"rendered":"

The Bitcoin price has tumbled 1.4% in the last 24 hours <\/span>to trade at $39,975<\/span><\/a> as of 09:05 p.m. EST on trading volume that surged 14% to $ 30.8 billion.<\/span><\/p>\n

Fidelity’s Jurrien Timmer says that the BTC price is now trading at close to “fair value.”<\/span><\/p>\n

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In my view, the price of Bitcoin is driven by the size and growth of its network, which in turn is driven by its scarcity features (stock-to-flow) and real rates (Fed policy). As the chart shows, Bitcoin’s network is growing in line with a standard power regression curve. That… pic.twitter.com\/xtywnxMbtn<\/a><\/p>\n

— Jurrien Timmer (@TimmerFidelity) January 23, 2024<\/a><\/p><\/blockquote>\n