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Bitcoin is exponential gold

2023-11-03 12:37 Friday

Jurrien Timmer, global macro director at Fidelity Investments, said that although Bitcoin is often compared to gold, its value is growing faster than gold.

He believes: “In my opinion, Bitcoin is a commodity currency that aspires to be a store of value and a hedge against currency devaluation. I view it as exponential gold.”

In 2021, Jurrien Timmer said that he expected Bitcoin to gradually gain more market share from gold, and predicted that the price of Bitcoin would reach $100,000 by 2023.