Fidelity Director: Bitcoin Near Key Breakout Milestone
Fidelity’s global macro director, Jurien Timmer, believes Bitcoin could soon separate from equity market behavior.
He sees this shift as a pivotal turning point in the cryptocurrency’s development. Timmer argues that Bitcoin’s movement away from traditional financial assets signals a new chapter in its journey.
Monetary Expansion Fuels Hard Asset Rally
The global M2 money supply has now reached $111.9 trillion, reflecting aggressive central bank activity. Both Bitcoin and gold have reacted sharply to this liquidity boost. Investors appear to view both assets as shields against fiat currency dilution.
Bitcoin Outpaces Gold in Market Momentum
After trailing gold during earlier volatility, Bitcoin has pushed past its former high, touching $112,000. Timmer noted that BTC, often tied to tech stocks, now shows signs of forging its own path.
He likened the current trend to a moment when both gold and Bitcoin take the field together—each with a clear purpose as a store of value.
This separation from equities could give Bitcoin new credibility as a long-term hedge. Timmer suggests that if this trend holds, Bitcoin’s next milestone might reshape how investors view monetary safety.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
