Shift in Safe-Haven Assets: Fidelity Executive Forecasts Change in Investment Strategies

Fidelity: Gold to Pass Baton to Bitcoin

In a recent statement, Jurrien Timmer, an executive at the investment giant Fidelity, has made some surprising comments about the cryptocurrency market. According to him, gold is likely to pass on its baton to Bitcoin in the near future.

Timmer’s remarks come as investors are increasingly turning to digital assets as an alternative store of value and hedge against inflation. With the ongoing tensions between Russia and Ukraine, the global economy is facing unprecedented uncertainty, and many are looking for ways to diversify their portfolios.

Gold has traditionally been seen as a safe-haven asset during times of market turmoil, but Timmer believes that its role may be taken over by Bitcoin in the coming years. He notes that investors should own both gold and Bitcoin, but emphasizes that the former is “slightly different” than the latter.

“It has this Dr Jekyll & Mr. Hyde personality where you never quite know which Bitcoin is going to show up to the party,” he explained during an interview.

It’s worth noting that Timmer’s comments come at a time when both gold and Bitcoin are experiencing unprecedented growth. The cryptocurrency market has seen significant gains over the past year, with many predicting further upside in the future.

While some investors may be skeptical about the notion of Bitcoin taking on a similar role to gold, it’s clear that this digital asset is gaining traction as a store of value and hedge against inflation.

Source: https://u.today/fidelity-gold-to-pass-baton-to-bitcoin