Jurrien Timmer, Global Macro Director at Fidelity, proposes a new 60/20/20 portfolio model, replacing the traditional 60/40 approach. This model allocates 60 % to equities, 20 % to bonds, and 20 % to alternative assets, including Bitcoin. BTC’s correlation with the S&P 500 is 30 %, and it has no correlation with US Treasury bonds, making it a diversification tool. Timmer predicted BTC would reach $300,000 by 2029 using the power law model. Technically, a weekly close above $82,000 would confirm a double bottom pattern and open the way to $100,000, a potential 24 % upside.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
