Fidelity’s Jurrien Timmer has analyzed Bitcoin’s potential as a diversifying asset in traditional portfolios
, Fidelity's director of global macro, has shed light on Bitcoin's evolving relationship with traditional investment assets, positioning the cryptocurrency as a potential diversifier in modern investment portfolios. on the X social media network, Timmer analyzed Bitcoin's correlation to the S&P 500, noting a distinct but lessening tie to equities compared to other assets.
He suggested that Bitcoin could find its place in the alternatives bucket of the classic 60/40 investment portfolio due to its unique correlation characteristics.The largest cryptocurrency still moves in tandem with equities to some degree, but it's not as closely linked as other assets, according to Timmer's analysis. This uncorrelated behavior with gold puts into question the premise that the bellwether coin and gold are contemporaneous safe havens.
Timmer's analysis suggests that a blend of gold and Bitcoin could enhance the"store of value" proposition within an alternative investment strategy., the Fidelity executive recently referred to the digital asset as"exponential gold" due to its capacity to act as a commodity currency and a hedge against monetary debasement in the digital era.
With attributes such as decentralization, limited supply, and censorship resistance, Bitcoin could be seen as the digital age's answer to gold's historical monetary role.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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