So, Chris Kuiper, the guy over at Fidelity’s digital assets unit—because apparently, that’s a thing now—has decided to grace us with his wisdom on Bitcoin and gold. He claims they’re both just puppets dancing to the same market forces: liquidity and inflation expectations. Who knew? 🎭
He went on to say that Bitcoin “barely managed” to hit a new high in gold terms back in December. I mean, at this point, Bitcoin is like that friend who shows up to the party but just stands in the corner, sipping a flat soda while gold is out there doing the Macarena. 💃
Kuiper also pointed out that gold surged nearly 70% from 2019 to 2020. Meanwhile, Bitcoin took a victory lap of over 100% after gold peaked. Talk about a sibling rivalry! “Mom loves me more!” “No, she loves me more!”
But hold your horses! Kuiper isn’t convinced that history will repeat itself this time around. He cryptically remarked, “We will see if this time is similar or different.” Thanks for that, Captain Obvious. 🚀
He seems to think of gold as the wise old sage of the market, where the big players do their thing, while Bitcoin is the hyperactive kid in the back of the class, prone to those “final euphoric bull runs.” You know, the kind that ends with someone crying in the bathroom. 😢
And there you have it! The reason Bitcoin is currently lagging behind gold: it’s just not as cool at the moment. As reported by U.Today, Jurrien Timmer, another Fidelity bigwig, recently declared that gold and Bitcoin are actually on the same team. Teamwork makes the dream work, right? Or is it just a group project where no one does their part? 🤷♂️
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2025-03-25 11:26