Fidelity: Bitcoin Could Surpass Gold's Dominance at Any Time
According to a report by Jinse Finance, Jurrien Timmer, the Global Macro Director at Fidelity Investments, analyzed the dynamics between Bitcoin and gold, pointing out that Bitcoin could surpass gold's dominance at any time. Based on changes in the Sharpe ratio, which measures the risk-adjusted returns of these two assets, gold and Bitcoin are negatively correlated. Since Bitcoin's Sharpe ratio is -0.40, while gold's is 1.33, this suggests that Bitcoin may lead the market next, and we may witness a handover from gold to Bitcoin. Jurrien Timmer advises investors to start with a portfolio of four parts gold to one part Bitcoin, as gold's volatility is only a quarter of Bitcoin's, despite their similar Sharpe ratios.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A $5 billion single-product emerges? JPMorgan maintains a "Neutral" rating on Amgen (AMGN.US): A good drug doesn't necessarily mean a good buying opportunity.
Amgen's Imdelltra has maintained data with an HR of 0.42, nearly doubling survival time. Morgan Stanley estimates that it will become a single product with annual sales of around 5 billions USD. However, they maintain a Neutral rating and a target price of 350 USD.
Goldman Sachs: Yen Regains "Safe Haven King" Status, Becomes Most Effective Tool to Hedge Against AI Market Shocks
Goldman Sachs stated that the Japanese yen has become a better tool for hedging against AI shocks, with policy shifts reducing the risk of depreciation. The bank recommends shorting USD/JPY and EUR/JPY.
Trump promotes the "manufacturing card" again for midterm elections: Audi to invest $4 billion in a U.S. plant, plans annual production of 200,000 SUVs
Audi plans to invest 4 billion dollars to build a factory in the United States, with an annual production capacity of 200,000 SUVs, creating 4,500 jobs. The German labor union criticized the CEO's supportive attitude as "puzzling," and the final decision will be made by the Volkswagen supervisory board.
Crypto prices
More
