LATEST: Bitcoin’s Potential as “Exponential Gold” Highlighted by Fidelity’s Director

Jurrien Timmer, Fidelity’s global macro director, has hailed Bitcoin as an “exponential gold,” emphasizing its role as a modern store of value and hedge against currency debasement. Timmer highlighted Bitcoin’s advantages over gold, noting its digital nature, decentralization, limited supply, and resistance to censorship. He drew parallels between Bitcoin’s potential and historical periods of gold’s success during inflation and negative real rates. While Timmer previously compared Bitcoin to the dot-com bubble, hinting at its revival, he also expressed caution about its growth potentially exceeding current macroeconomic conditions.

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