Timmer: "Prefer Bitcoin over Gold"... S&P 500 Correlation at 60-70%
Original headline티머 “금보다 비트코인 선호”…S&P500 상관관계 60~70%
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Fidelity global macro director Jurrien Timmer said he prefers Bitcoin (BTC) over gold for now, arguing that BTC's relative price measured in gold has held up even as both assets sold off together. Timmer framed the comparison as BTC priced in gold—one bitcoin divided by the gold spot price per ounce—rather than in dollars, since differing drawdowns can shift that ratio even when both fall. He also noted a 60–70% correlation between Bitcoin and the S&P 500, underscoring how tightly the token has traded alongside risk assets. The call matters because it signals continued institutional appetite for BTC as a portfolio hedge despite its equity-like behavior. Next, watch whether BTC's gold-denominated ratio keeps holding as both markets absorb selling pressure.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Jurrien Timmer, Bitcoin (BTC), Fidelity, Gold (XAU), S&P 500
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