Jurrien Timmer, Fidelity’s global director of macros, said that Bitcoin and Ethereum have a very affordable price.
The manager stated that Bitcoin is at one of its lowest levels since 2013.
Timmer also emphasized that Ethereum is much cheaper compared to Bitcoin.
According to data from CoinGecko, the two cryptocurrencies fell by 68.58% and 74.95%, respectively, from their ATH levels.
Timmer believes Ethereum could be close to hitting the bottom.
Talking about the adoption of Bitcoin, Timmer said that Bitcoin is more like the adoption of the internet. This suggests that Bitcoin will experience a more “modest” price increase in the future.
Timmer has previously said that there are similarities between Bitcoin and Apple in terms of their growth trajectories.
38388
