Jurrien Timmer of Fidelity emphasizes Bitcoin’s prominence alongside gold and international equities, especially amidst the unfavorable bond market driven by US fiscal conditions.
The AI boom is boosting US large caps, which benefits Bitcoin indirectly. Timmer indicates that Bitcoin’s limited supply is increasingly attractive as fiat currencies weaken.
Despite earlier predictions, gold continues to outperform Bitcoin with a record high of 3,650 USD, leading investors to consider potential Federal Reserve actions that could help both assets.
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