Fidelity Exec Likens Bitcoin To Gold, Revisits Thesis: It's A 'Commodity Currency'
Portfolio Pulse from Murtuza Merchant
Fidelity's director of global macro, Jurrien Timmer, has reiterated his view of Bitcoin as a 'commodity currency', likening it to gold. He suggests that Bitcoin could outperform in the current economic climate of negative real interest rates and unchecked money supply expansion. This view adds to the growing discourse around Bitcoin's role in the global financial system, with the upcoming Benzinga's Future of Digital Assets conference expected to further this discussion.

November 02, 2023 | 7:02 pm
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Fidelity's Jurrien Timmer has reiterated his bullish view on Bitcoin, likening it to gold and suggesting it could outperform in the current economic climate. This adds to the growing discourse around Bitcoin's role in the global financial system.
Jurrien Timmer's comments suggest a bullish outlook for Bitcoin, likening it to gold and suggesting it could outperform in the current economic climate. This could potentially drive increased interest and investment in Bitcoin, positively impacting its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100