Fidelity’s Global Macro Director Jurrien Timmer suggests a 4:1 gold-to-Bitcoin investment mix for balanced risk and return.
The narrowing gap between the risk-adjusted performance of Bitcoin and gold indicates a potential shift in investor sentiment.
Gold, with 67 record closes and a 33% increase this year, is losing its performance edge to Bitcoin that has bounced nearly 25% since April lows.
Bitcoin could be complements with gold in a diversified store-of-value strategy as Bitcoin's Sharpe ratio improves, prompting investors to rotate capital into crypto.