Summary
- Recently, gold prices have shifted into a correction, Jurrien Timmer, head of global macro at Fidelity, said.
- Timmer said bitcoin could inherit the investment appeal during gold's correction.
- The two assets' Sharpe ratios have been moving in opposite directions, and he assessed that bitcoin is evolving into a mature asset class.
Recently, gold (Gold) prices have been undergoing a correction, and an analysis said bitcoin (BTC) is likely to advance.
On the 8th (local time), Jurrien Timmer, head of global macro at Fidelity, said on X, "Gold is showing a correction that is digesting the aftereffects of the 'blow-off' phase in which gold rose excessively relative to the increase in liquidity," and "While gold enters a correction, bitcoin could inherit its investment appeal," he forecast.
In fact, the Sharpe ratios of the two assets have been moving in opposite directions over the past few months. Timmer said, "On the chart, bitcoin has shown a 'normal exponential uptrend' since 2022, moving away from the initial blow-up pattern and gradually evolving into a mature asset class."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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