Fidelity's Jurrien Timmer favors Bitcoin over gold amid sell-off
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Bitcoin Outshines Gold as Market Volatility Intensifies, Says Fidelity’s Timmer
Fidelity’s Director of Global Macro, Jurrien Timmer, has weighed in on the ongoing preference shift in financial markets, highlighting a growing inclination towards Bitcoin over gold as market volatility increases. Although both assets have faced selling pressure recently, Timmer emphasized Bitcoin’s relative price resilience compared to gold.Continue Reading:Bitcoin Outshines Gold as Market Volatility Intensifies, Says Fidelity’s Timmer
🚨 A Fidelity executive stated a more positive outlook for Bitcoin than gold despite selling pressure. 📉 Bitcoin fell 0.08% in 24 hours to $75,904, joining the risk-aversion wave along with gold. 📊 Jurrien Timmer noted that Bitcoin and gold have shown a 60% to 70% correlation with the S&P 500 in recent weeks. Read More: Fidelity executive prefers Bitcoin to gold despite selling pressure The article "Fidelity executive prefers Bitcoin to gold d…
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