Jurrien Timmer, the Global Macro Director of Fidelity, stated in an X article that the price of Bitcoin has returned to what he considers a fair value range. The slope of the curve is based on the curve adopted by the internet decades ago, while the width is based on the actual fee range of -2% (top) and +2.5% (bottom).
Fidelity Global Macro Director: Bitcoin price has returned to what he believes is a fair value range
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