Learn about Fidelity's perspective on Bitcoin's potential to outperform gold in the future. Insights from experts on Bitcoin's market value and its impact on traditional assets.
Jurrien Timmer, Chief Economist at Fidelity Investments, believes that Bitcoin could surpass gold in market value, but ‘not anytime soon’. By comparing the growth of gold and Bitcoin, he predicted that these two could converge in the next 10 to 20 years. Despite recent market fluctuations and Bitcoin price drop, major institutions still have faith in this asset. Fidelity and BlackRock have recently invested $89 million in Bitcoin ETFs. Michael Saylor, founder of MicroStrategy, has a bolder outlook and predicts that Bitcoin’s market value could reach $500 trillion. He believes Bitcoin is replacing traditional assets with a digital, decentralized, and inflation-resistant option. However, Timmer warns that gold still holds its ground.
