Jurrien Timmer, Global Macro Director at Fidelity, prefers Bitcoin over gold due to Bitcoin's increasing strength against gold and its higher potential for gains. The Bitcoin-to-gold ratio has risen about 75% since its recent low, supported by nearly $55 billion inflows into Bitcoin ETFs in 2024, indicating strong institutional interest. However, Bitcoin remains volatile and closely correlated with stock markets, which poses risks. Timmer views Bitcoin as a complementary asset to gold, not a replacement, with Bitcoin offering a more aggressive growth profile while gold maintains a defensive role.
Fidelity's Timmer highlights Bitcoin's strong institutional inflows of nearly $55 billion into Bitcoin ETFs in 2024. For readers following cryptocurrencies, here is Pluang's market snapshot as of Nov 08, 2026 01:02 WIB: out of 50 major cryptocurrencies, 15 rose and 34 fell today. Notable movers include VET at Rp96 with a 3.84% decline, KSM at Rp59,037 with 100% buy order activity, and XTZ at Rp4,773 with 56% buy order activity.
Aave DAO has initiated a Snapshot vote from Nov. 6-9 to approve a plan allowing users to borrow stablecoins by locking native Bitcoin (BTC) as collateral. The BTC would remain on the Bitcoin network via Babylon’s Trustless Bitcoin Vaults, while an Et...
Bitcoin price prediction markets like Polymarket and Kalshi show traders expect a likely drop to around $70,000 before the end of 2026, with Polymarket assigning a 52% probability to this scenario. Higher price targets such as $90,000 or $100,000 car...
Microsoft is ending its contract to rent AI computing capacity from Oracle, citing Oracle's use of older Nvidia GPUs that no longer meet its needs. Oracle disputes the impact, stating that even its older GPUs command a premium and are in high demand,...
An anonymous trader's short position of 2.25 million TRUMP tokens, valued at about $2.68 million, was liquidated after a significant market decline. This trader had previously lost 201 Bitcoin, worth approximately $15.6 million, through eight earlier...
Bitcoin Core developer Cory Fields introduced the 'quantum landmine' concept to protect Bitcoin from potential future quantum computing threats. The idea involves requiring collateral when spending quantum-vulnerable Bitcoin after a hypothetical 'q-d...
