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Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec

cryptoweekly by cryptoweekly
May 19, 2025
in bitcoin, News
0

Fidelity’s Jurrien Timmer says Bitcoin’s rally back to six-figure territory strengthens its store-of-value status, making it comparable to investing in gold.

Key takeaways:

Bitcoin’s Sharpe ratio converges with gold’s, indicating similar risk-adjusted returns, supporting its store-of-value role.

Gold outperformed Bitcoin in Q1 2025 with a 30.33% price gain versus Bitcoin’s 3.84%, driven by economic uncertainty.

Read more

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Recent Posts
  • Norwegian crypto firm K33 raising more funds to buy up to 1,000 BTC
  • GENIUS Act passage paves way for institutional stablecoin use
  • 3iQ launches XRP ETF on Toronto Stock Exchange with Ripple as investor
  • Pudgy Penguins debuts play-to-win game on TON
  • XRP price consolidates for 200 days: Analysts predict where it’s going next
  • Chinese Bitcoin ASIC makers to begin US production amid tariff pressure
  • Circle dump: Cathie Wood’s Ark sells another $45M as shares tumble

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