BlockNews
  • CRYPTO
  • FINANCE
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • CRYPTO
  • FINANCE
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews
Home BREAKING NEWS

Fidelity’s Jurrien Timmer Coins Bitcoin as “Exponential Gold,” Highlighting it as a Hedge Against Inflation

by BlockNews.com Team
November 2, 2023
in BREAKING NEWS, CRYPTO, FEATURED
A A
Fidelity’s Jurrien Timmer Coins Bitcoin as “Exponential Gold,” Highlighting it as a Hedge Against Inflation

#image_title

2
SHARES
Share on XShare on RedditTelegram
  • Bitcoin shares key attributes with gold like scarcity and inflation hedging, while improving on gold’s shortcomings related to portability, divisibility, traceability and settlement speed.
  • Bitcoin’s expanding network effect gives it momentum and reinforces its competitive position against other cryptocurrencies as more users and institutions adopt it.
  • Mainstream adoption by banks, payments firms, asset managers and corporations is accelerating, leading to greater liquidity, less volatility, and increased usability of Bitcoin as a currency and store of value.

Bitcoin has seen exponential growth recently, leading many to wonder about the cryptocurrency’s future prospects. Jurrien Timmer, Director of Global Macro at Fidelity Investments, provides valuable insights into Bitcoin’s potential as a long-term store of value.

Bitcoin as Digital Gold

Timmer sees Bitcoin as “exponential gold”, meaning it shares key characteristics with the precious metal while improving upon gold’s shortcomings. Like gold, Bitcoin offers scarcity and a hedge against inflation. However, Bitcoin also provides portability, divisibility, traceability and rapid settlement that gold lacks.

Network Effect Momentum

The Bitcoin network continues to expand at a rapid pace. This self-reinforcing network effect gives Bitcoin momentum and strengthens its competitive position against other cryptocurrencies. As more users and institutions adopt Bitcoin, its network becomes increasingly valuable and attractive for new entrants.

🚨 NEWS: Fidelity's Jurrien Timmer coins #Bitcoin as "Exponential Gold."

He highlights its potential as a store of value against inflation.

The institutions want your $BTC! pic.twitter.com/P3pELKKIys

— BlockNews.com (@blocknewsdotcom) November 2, 2023

Mainstream Adoption Accelerating

Growing mainstream adoption of Bitcoin by banks, payment firms, asset managers and corporations is accelerating. Increased adoption leads to greater liquidity and less volatility over time. This makes Bitcoin more usable as a transactional currency and long-term store of value.

Conclusion

In summary, Jurrien Timmer believes Bitcoin is well on its way to cementing itself as “digital gold” with exponential growth potential. Bitcoin’s inherent properties and growing network effect create a compelling value proposition for investors looking to hedge inflation risk and diversify portfolios.

Tags: BitcoinBlockchainBusinessCrypto ExchangeWeb3
Tweet1ShareShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market
CRYPTO

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market

June 21, 2025
Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up
CRYPTO

Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up

June 21, 2025
Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?
CRYPTO

Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?

June 21, 2025
Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact
Binance BNB

Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact

June 21, 2025
XRP Ledger Shatters Record with 5.1 Million Transactions in a Day
CRYPTO

XRP Ledger Shatters Record with 5.1 Million Transactions in a Day

June 21, 2025
Ethereum Might Be Way Too Cheap… If Stablecoins Blow Up
CRYPTO

Ethereum Might Be Way Too Cheap… If Stablecoins Blow Up

June 21, 2025
Load More

Related News

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market

June 21, 2025
Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up

Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up

June 21, 2025
Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?

Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?

June 21, 2025
Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact

Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact

June 21, 2025
XRP Ledger Shatters Record with 5.1 Million Transactions in a Day

XRP Ledger Shatters Record with 5.1 Million Transactions in a Day

June 21, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • CRYPTO
  • Memecoins
  • Technology
  • Politics
  • FINANCE
  • NFT
  • DEFI
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.