FIDELITY Global Macro Strategia, Jurrien Timmer, said Bitcoin could become a new main means of maintaining value and protection against inflation – along with gold.
The risk display indicator of the first cryptocurrency approached a similar indicator of the main precious metal, which makes these assets more comparable for long-term investment, Timmer explained:.
The Fidelity top manager believes that bitcoin must be present in the portfolios of long-term investment funds, as this will ensure the balance between stability and potential yield of assets.
With a further improvement in macroeconomic conditions and an increase in confidence in Bitcoin-ETF spotes, the first cryptocurrency has every chance to achieve new historical maximums by the end of the year, the representative of Fidelity said.
Previously, the leading podcast The Wolf of All Streets Scott Melker suggested that this year the Bitcoin price can sharply increase to $ 250,000 due to the increased interest of institutional investors.
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Source: Cryptocurrency
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