{"id":56642,"date":"2022-01-26T16:28:41","date_gmt":"2022-01-26T14:28:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56642"},"modified":"2025-09-04T07:27:31","modified_gmt":"2025-09-04T04:27:31","slug":"fidelity-signals-bitcoins-return-to-fair-value","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fidelity-signals-bitcoins-return-to-fair-value\/","title":{"rendered":"Fidelity signals Bitcoin&#8217;s return to fair value"},"content":{"rendered":"<p>Bitcoin has fallen into a liquidity storm that carried it to $35,000. Jurrien Timmer, Fidelity Investments\u2019 director of macroeconomic research, believes that at current levels digital gold could form a bottom.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">It has been a bad trip for crypto. The GS Bitcoin-sensitive equity basket already took out its 2021 lows\u2014not a great sign. I thought $40k would be a bottom, based on my demand model and on-chain dynamics (via the dormancy flow indicator), but here we are at $35k. \ud83e\uddf5 <a href=\\\"https:\/\/t.co\/jZbiP4azZc\\\">pic.twitter.com\/jZbiP4azZc<\/a><\/p>\n<p>\u2014 Jurrien Timmer (@TimmerFidelity) <a href=\\\"https:\/\/twitter.com\/TimmerFidelity\/status\/1486091498580066316?ref_src=twsrc%5Etfw\\\">January 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>He backed his view with a demand model and the Bitcoin Dormancy Flow indicator.<\/p>\n<p>In his view, prices have reached fundamentally justified levels. There have been occasions when the price fell below the signal line. However, the further the deviation, the greater the undervaluation of digital gold, the expert explained.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"591\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-127-1024x591.jpg\\\" alt=\\\"\u0412 Fidelity \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0432\u043e\u0437\u0432\u0440\u0430\u0442 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043a \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u044b\u043c \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u044f\u043c\\\" class=\\\"wp-image-163080\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-127-1024x591.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-127-300x173.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-127-768x443.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-127.jpg 1162w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: Fidelity Investments.<\/figcaption><\/figure>\n<\/div>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"580\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-85-1024x580.jpg\\\" alt=\\\"\u0412 Fidelity \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0432\u043e\u0437\u0432\u0440\u0430\u0442 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043a \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u044b\u043c \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u044f\u043c\\\" class=\\\"wp-image-163081\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-85-1024x580.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-85-300x170.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-85-768x435.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-85.jpg 1156w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: Fidelity Investments.<\/figcaption><\/figure>\n<\/div>\n<p>The bitcoin-to-gold ratio moved 1.5 standard deviations away from the trend line and reached a support level. This also points to relative oversold conditions for bitcoin.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"578\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/3-50-1024x578.jpg\\\" alt=\\\"\u0412 Fidelity \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0432\u043e\u0437\u0432\u0440\u0430\u0442 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043a \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u044b\u043c \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u044f\u043c\\\" class=\\\"wp-image-163082\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/3-50-1024x578.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/3-50-300x169.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3-50-768x433.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/3-50.jpg 1159w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: Fidelity Investments.<\/figcaption><\/figure>\n<\/div>\n<p>On the short-term momentum chart, a bullish divergence has formed.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"580\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/4-25-1024x580.jpg\\\" alt=\\\"\u0412 Fidelity \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0432\u043e\u0437\u0432\u0440\u0430\u0442 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043a \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u044b\u043c \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u044f\u043c\\\" class=\\\"wp-image-163083\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/4-25-1024x580.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/4-25-300x170.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/4-25-768x435.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/4-25.jpg 1164w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: Fidelity Investments.<br \/><\/figcaption><\/figure>\n<\/div>\n<p>In conclusion, Timmer noted that, unlike unprofitable tech stocks, bitcoin has a fundamental base that is likely to become more attractive over time. The strategist added that this year it will matter more for digital-asset investors than ever.<\/p>\n<p>Earlier, analysts at ARK Invest <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invest-bitcoin-price-to-exceed-1-million-by-2030\">forecasted<\/a> bitcoin to reach $1.36 million by 2030.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has fallen into a liquidity storm that carried it to $35,000. Jurrien Timmer, Fidelity Investments\u2019 director of macroeconomic research, believes that at current levels digital gold may have formed a bottom.<\/p>\n","protected":false},"author":1,"featured_media":56643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1248,1138],"class_list":["post-56642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-fidelity-investments","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=56642"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56642\/revisions"}],"predecessor-version":[{"id":56644,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56642\/revisions\/56644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/56643"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=56642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=56642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=56642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}