ME message, on December 12 (UTC+8), Jurrien Timmer, the global macro director at Fidelity, pointed out in a post on platform X that the market sentiment has improved after excessive speculation in the cryptocurrency market has receded. Against the backdrop of the Federal Reserve's loose policies and the calmness in the bond and foreign exchange markets, Bitcoin's official forecast for 2025 actually looks quite good. Previously, the Bitcoin Treasury Company provided 'yields' by purchasing Bitcoin through stock issuance, which may now become a resistance to Bitcoin's rise and has raised questions about whether another four-year cycle has ended. However, observing the curve structure of Bitcoin's maturing network shows that since 2010, Bitcoin has experienced five waves of upward trends, with each wave's increase being smaller than the previous one, but the duration has become increasingly longer. From the performance in the recent bull market (starting from about $16,000 in 2022), it can be seen that Bitcoin is now very mature. According to the five-wave upward trend chart shared by Jurrien Timmer, the peak price of Bitcoin in the fifth wave may be $151,360. (Source: ME)
