Fidelity Global Macro Director: The four-year cycle bull market for Bitcoin may have already started

Jurrien Timmer, Global Macro Director at Fidelity Investments, stated that Bitcoin has started to rise after consolidating around the support level of approximately $60,000 for nearly a year, a duration comparable to a typical Bitcoin winter, leading him to conclude that a new four-year cycle bull market may have begun.

Timmer mentioned that the Z-score of BTC/gold has changed from -100% to a positive value, a signal that historically confirms a bottom. He also pointed out that we are currently in a long-term new pattern with higher capital costs, and the government may respond with financial repression.