Julientimer, director of global macros at Boston-based investment giant Fidelity, argues that it makes sense for Bitcoin to sit at the top of its return on investment along with gold and international stocks.
Meanwhile, bonds remain at the bottom of the US financial control that boosts domestic assets.
He claims that the ongoing artificial intelligence (AI) boom keeps us burning big hats.
Bitcoin, which stands out primarily due to its shortage, tends to benefit from weakening Fiat.
Does not pass through Patong (so far)
In May, Timmer predicted that gold could potentially pass the baton to Bitcoin later this year.
However, this is not happening as long as the glossy metal is superior to its digital rivals.
In late August, Timmer expressed his opinion that Bitcoin and Gold are balancing each other “right” after the former reached a new record. However, the Bitcoin rally stagnated and gold continued to outpace significantly in September.
Today, gold is even higher than $3,650, with investors increasingly betting on the yellow metal ahead of the Fed’s widely projected interest rate cuts, exceeding $3,650.
Timmer recently predicted that the Fed could potentially restart its quantitative mitigation (QE) engine. I’m hoping for Boost Bitcoin (BTC) and gold.
The top of the cycle?
There is still debate as to whether Bitcoin’s Halben-driven four-year cycle is still an issue due to the growing influence of facility money participants, but Timer believes that the major cryptocurrencies are following them.
In July, he expressed his opinion that both Bitcoin and Gold were still “innings” in hard money trading, which point to the size of the global money supply and the strength of the dollar.
