{"id":559116,"date":"2023-11-04T15:00:33","date_gmt":"2023-11-04T15:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=559116"},"modified":"2024-06-11T09:38:15","modified_gmt":"2024-06-11T09:38:15","slug":"fidelity-bitcoin-exponential-gold","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/fidelity-bitcoin-exponential-gold\/","title":{"rendered":"Why This Fidelity Investments Director Believes Bitcoin Is \u2018Exponential Gold\u2019"},"content":{"rendered":"

The Director of Global Macro at <\/span>Fidelity Investments<\/span><\/a>, Jurrien Timmer, recently provided insights into the potential of the <\/span>flagship cryptocurrency, Bitcoin<\/span><\/a>, and went as far as labeling the crypto token as \u201cexponential gold.\u201d<\/span><\/p>\n

A Glance At Bitcoin\u2019s Adoption Curve<\/h2>\n

In a <\/span>post<\/span><\/a> released on his X (formerly Twitter) platform, Timmer mentioned that Bitcoin\u2019s scarcity and adoption curve potentially allow it to be a \u201chigh-powered hedge against monetary shenanigans,\u201d likely alluding to the fact that the token\u2019s features make it a great option to<\/span> hedge against inflation<\/span><\/a>. That is why he sees the token as \u201cexponential gold.\u201d<\/span><\/p>\n

Related Reading: Legal Expert Explains Why Ripple Will Always Back XRP<\/a><\/div>\n

\"Bitcoin\"<\/p>\n

Source: X<\/pre>\n
He further elaborated on <\/span>Bitcoin\u2019s adoption curve<\/span><\/a>, stating that it has so far followed a \u201ctypical S-curve shape,\u201d which places it in good company with other major innovations that went through such an adoption journey. One of them is mobile phones, as Timmer noted that Bitcoin\u2019s adoption curve in 2020 resembled that of mobile phones in the \u201880s and \u201890s.\u00a0<\/span>
\n\"Bitcoin<\/p>\n
Source: X<\/pre>\n
Bitcoin, however, seems to have moved to another stage in the adoption curve, as Timmer stated that the \u201creal-rate narrative changed from dovish in 2020 to hawkish in 2022.\u201d He further suggested that Bitcoin has moved past the stage of a rapid rise as its adoption curve has flattened out. With this, Timmer believes that it now shares similarities with the <\/span>adoption curve of the internet<\/span><\/a> in the 2000s as the crypto token \u201chas not made much progress since 2021.\u201d<\/span><\/p>\n
Bitcoin Volatility: Good Or Bad?<\/h2>\n
In a subsequent <\/span>post<\/span><\/a>, Timmer put Bitcoin\u2019s volatility in perspective as he compared it with other asset classes. First, he shared a risk-reward chart for the pandemic and post-pandemic era ranging from 2020 to this year. The SPX seemed to provide the best risk-reward with close to 24% return.<\/span>\u00a0<\/span>
\n\"Fidelity<\/p>\n
Source: X<\/pre>\n
Timmer then went on to share another chart, which included Bitcoin this time around. The foremost cryptocurrency notably stood out from the rest, as he mentioned that Bitcoin was \u201cin a different universe,\u201d with a 58% return.\u00a0<\/span><\/p>\n
\"Bitcoin<\/p>\n
Source: X<\/pre>\n
Related Reading: Will Cardano Replicate Solana\u2019s Surge? Analyst Reveals Similarities For 80% Rise<\/a><\/div>\n
Bitcoin\u2019s high volatility<\/span><\/a> seems to have contributed to such returns in no small way, as Timmer mentioned that the crypto token\u2019s huge drawdowns also come with large gains. To drive home his point, he shared another chart that showed drawdowns and rallies, which various asset classes have experienced from their 2-year high and low, respectively.\u00a0<\/span><\/p>\n
\"Fidelity<\/p>\n
Source: X<\/pre>\n
The chart showed that Bitcoin experienced a 54% drawdown from its <\/span>two-year high<\/span><\/a> but is also up by 84% from its low in the same period.\u00a0<\/span><\/p>\n
This is more impressive when one considers how other asset classes have fared in the same period as Timmer stated that <\/span>Government bonds<\/span><\/a> \u201ccan\u2019t hold a candle\u201d to Bitcoin\u2019s risk-reward math.\u00a0\u00a0<\/span><\/p>\n
\"Bitcoin<\/p>\n
BTC jumps back to $34,800 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Capital.com, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Director of Global Macro at Fidelity Investments, Jurrien Timmer, recently provided insights into the potential of the flagship cryptocurrency, Bitcoin, and went as far as labeling the crypto token as \u201cexponential gold.\u201d A Glance At Bitcoin\u2019s Adoption Curve In a post released on his X (formerly Twitter) platform, Timmer mentioned that Bitcoin\u2019s scarcity and adoption curve potentially allow it to be a \u201chigh-powered hedge against monetary shenanigans,\u201d likely alluding to the fact that the token\u2019s features make it a great option to hedge against inflation. That is why he sees the token as \u201cexponential gold.\u201d Related Reading: Legal Expert Explains Why Ripple Will Always Back XRP Source: X He further elaborated on Bitcoin\u2019s adoption curve, stating that it has so far followed a \u201ctypical S-curve shape,\u201d which places it in good company with other major innovations that went through such an adoption journey. One of them is mobile phones, as Timmer noted that Bitcoin\u2019s adoption curve in 2020 resembled that of mobile phones in the \u201880s and \u201890s.\u00a0 Source: X Bitcoin, however, seems to have moved to another stage in the adoption curve, as Timmer stated that the \u201creal-rate narrative changed from dovish in 2020 to hawkish in 2022.\u201d He further suggested that Bitcoin has moved past the stage of a rapid rise as its adoption curve has flattened out. With this, Timmer believes that it now shares similarities with the adoption curve of the internet in the 2000s as the crypto token \u201chas not made much progress since 2021.\u201d Bitcoin Volatility: Good Or Bad? In a subsequent post, Timmer put Bitcoin\u2019s volatility in perspective as he compared it with other asset classes. First, he shared a risk-reward chart for the pandemic and post-pandemic era ranging from 2020 to this year. The SPX seemed to provide the best risk-reward with close to 24% return.\u00a0 Source: X Timmer then went on to share another chart, which included Bitcoin this time around. The foremost cryptocurrency notably stood out from the rest, as he mentioned that Bitcoin was \u201cin a different universe,\u201d with a 58% return.\u00a0 Source: X Related Reading: Will Cardano Replicate Solana\u2019s Surge? Analyst Reveals Similarities For 80% Rise Bitcoin\u2019s high volatility seems to have contributed to such returns in no small way, as Timmer mentioned that the crypto token\u2019s huge drawdowns also come with large gains. To drive home his point, he shared another chart that showed drawdowns and rallies, which various asset classes have experienced from their 2-year high and low, respectively.\u00a0 Source: X The chart showed that Bitcoin experienced a 54% drawdown from its two-year high but is also up by 84% from its low in the same period.\u00a0 This is more impressive when one considers how other asset classes have fared in the same period as Timmer stated that Government bonds \u201ccan\u2019t hold a candle\u201d to Bitcoin\u2019s risk-reward math.\u00a0\u00a0 BTC jumps back to $34,800 | Source: BTCUSD on Tradingview.com Featured image from Capital.com, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":559122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,89462,1119,89185,1144,78790,6664,14690],"class_list":["post-559116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-performance","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-news"],"acf":[],"yoast_head":"\nWhy This Fidelity Investments Director Believes Bitcoin Is \u2018Exponential Gold\u2019<\/title>\n<meta name=\"description\" content=\"The Director of Global Macro at Fidelity Investments, Jurrien Timmer, recently provided insights into the potential of Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why This Fidelity Investments Director Believes Bitcoin Is \u2018Exponential Gold\u2019","url":"http:\/\/wncen.com\/news\/fidelity-bitcoin-exponential-gold\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/fidelity-bitcoin-exponential-gold\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Bitcoin-gold-.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Bitcoin-gold-.jpeg?fit=800%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin price performance","btc","btc news","btcusd","btcusdt","crypto","crypto news"],"dateCreated":"2023-11-04T15:00:33Z","datePublished":"2023-11-04T15:00:33Z","dateModified":"2024-06-11T09:38:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why This Fidelity Investments Director Believes Bitcoin Is \\u2018Exponential Gold\\u2019\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/fidelity-bitcoin-exponential-gold\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/fidelity-bitcoin-exponential-gold\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Bitcoin-gold-.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Bitcoin-gold-.jpeg?fit=800%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price performance\",\"btc\",\"btc news\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto news\"],\"dateCreated\":\"2023-11-04T15:00:33Z\",\"datePublished\":\"2023-11-04T15:00:33Z\",\"dateModified\":\"2024-06-11T09:38:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Bitcoin-gold-.jpeg?fit=800%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/559116"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=559116"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/559116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/559122"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=559116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=559116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=559116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}