Fidelity executive says "BTC returns to fair value band"

Jurrien Timmer, head of global macro at Fidelity, a large U.S. asset manager, wrote on his X (formerly Twitter) that "the price of bitcoin has returned to what I personally consider a fair value band". "If we set the band to reflect the slope of the Internet adoption model from decades ago, the current BTC price appears to be in a fair value band. The price of bitcoin is determined by the size and growth of the network, which is influenced by scarcity and the real interest rate. The Bitcoin network grows along a standard regression curve, with the S-curve characteristic being maintained.