Fidelity’s global macro director Jurrien Timmer, made significant evaluations of Bitcoin’s future position and potential in his shares at X.
Jurrien Timmer defines Bitcoin as the “gold of the digital age“. According to Timmer’s thesis at the end of 2020, Bitcoin was positioned as a store of value. However, beyond that, Timmer indicates that Bitcoin is also defined as a commodity currency aimed at protection against monetary value loss.
”In my view, Bitcoin is a commodity currency that aspires to be a store of value and a hedge against monetary debasement. I think of it as exponential gold.”
According to Timmer, because Bitcoin has a digital structure, it has the potential to be a more effective medium of exchange in global payment systems.
Looking at historical perspectives, the value of gold has increased during periods when inflation rose, real rates were negative, or the increase in the money supply was excessive. The 1970s and 2000s are the most striking examples of this trend. Timmer believes that Bitcoin can create value just like gold.