Fidelity Flags Bitcoin as Diversifier as $100K Target Emerges

Fidelity's Jurrien Timmer calls Bitcoin a portfolio diversifier beyond stocks and bonds, citing a five-year correlation with the S&P 500 near 30% and near-zero correlation with long-term U.S. Treasuries. He sees a confirmed double-bottom pattern after Bitcoin broke above $80,000, potentially pointing toward a $100,000 target.