Bitcoin’s Titanic Leap: Fidelity’s Timmer Sees New All-Time Highs 🚀💰

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Amidst the swirling mists of financial uncertainty, Jurrien Timmer, the global macro director at Fidelity Investments, has emerged like a prophet from the depths, declaring that Bitcoin (BTC) is poised for a grand and explosive breakout. Oh, the irony of it all! 🤔

In a recent thread on the social media platform X, Timmer, with the sagacity of a modern-day Nostradamus, asserts that the historical relationship between Bitcoin and the global money supply is setting the stage for a new era of digital wealth. The stage is set, the players are ready, and the audience is on the edge of their seats. 🎭

“With both liquidity improving per the global money supply and the stock market reaching new highs, it’s no surprise that Bitcoin is on the move again. Both Dr. Jekyll and Mr. Hyde are being supported for now, and Bitcoin should be at new all-time highs soon enough if this momentum continues.”

Timmer, ever the astute observer of the financial cosmos, also notes that a weakening US dollar may drive more investors into the safe havens of gold and, perhaps, Bitcoin. A new world order, he suggests, may be on the horizon, where the US dollar’s supremacy is challenged by a diverse array of fiat currencies and hard money. 🌍💰

“One of the big questions remains whether a new world order is emerging in which the US dollar loses at least some of its supremacy and is supplanted by a mixture of other fiat currencies and hard money (gold and perhaps Bitcoin). Maybe this regime change was signaled three years ago when gold stopped trading in lockstep with real rates.”

And if that weren’t enough, Timmer adds a final, tantalizing morsel: the Sharpe ratio, a measure of risk-adjusted return, is now starting to favor Bitcoin over gold. The baton, it seems, has been passed back to the digital titan, following a pattern that has been unfolding over recent months. 🏃‍♂️💨

“With risk appetites rising, the baton has been passed back to Bitcoin, following the pattern of recent months. You can see that in the chart below, with the two Sharpe ratios converging.”

At the time of writing, Bitcoin is trading at $107,792, down 1.9% in the last 24 hours. A minor setback, perhaps, in the grand scheme of things. But as Timmer and his ilk would remind us, the journey of a thousand miles begins with a single step. Or, in this case, a single tweet. 🐦🚀

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2025-07-05 22:41