Fidelity Investments' Jurrien Timmer Predicts Bitcoin Could Surpass Gold in Market Value

Jurrien Timmer, the director of global macro at Fidelity Investments, has weighed in on the ongoing debate about Bitcoin's potential to surpass gold in market value.

Fidelity Investments' Jurrien Timmer, the director of global macro, has shared his thoughts on the possibility of Bitcoin surpassing gold in market value. While he acknowledges that Bitcoin could eventually rival gold, he doesn't foresee this happening anytime soon.

In a recent social media post, Timmer visualized Bitcoin and gold's projected growth trajectories. If gold continues its historical growth rate of 8% annually since 1970, and Bitcoin follows either a power law adoption curve or an S-curve similar to the internet's growth, the two assets might converge in the next 10 to 20 years.

“Bitcoin might outpace gold for a while, but gold will always maintain a more stable, quieter role,” Timmer stated.

His view contrasts with bolder predictions from others in the industry. For instance, Michael Saylor, the founder of Galaxy Digital, has made far more aggressive forecasts for Bitcoin's future.

At the DC Blockchain Summit, Saylor predicted that Bitcoin's market cap could reach an astounding $500 trillion as it absorbs value from traditional assets such as gold and real estate. He compared Bitcoin's rise to historical shifts in monetary systems, arguing that the digital asset is poised to replace 20th-century assets with a decentralized, inflation-resistant alternative.

“The generation of wealth in Bitcoin will be an astounding sight to behold. It will dwarf any asset class of the 20th century. If Bitcoin is to replace 20th-century assets, then in 10 years, Bitcoin could have a $500 trillion market cap and absorb the value of the top 10 public companies and the entire U.S. stock market.”

As more institutions invest in Bitcoin and adoption continues to grow, the question is no longer whether Bitcoin can rival gold, but when and under what circumstances it might reach that point. For now, though, Timmer believes that gold still holds a leading role, remaining steady and time-tested in contrast to Bitcoin's more volatile path.