Fidelity Investments’ Director of Global Macro Explains Why “Bitcoin Is Cheap”, Says Ethereum “Could Be Close to a Bottom”

On Friday (July 8), Jurrien Timmer, Director of Global Macro at Fidelity Investments, shared his thoughts on the valuations of Bitcoin and Ethereum. In March 2021, Timmer published a 12-page research paper on Bitcoin (title: “Understanding Bitcoin: Does bitcoin belong in asset allocation considerations?”). Timmer started by saying that he intended his paper to serve as “a brief […]