In a fresh social media post, Fidelity’s Jurrien Timmer has implied that both gold and Bitcoin will likely be getting overrated.
One reason to gaze ringing the golden bell is that if gold is a play on US fiscal dominance, one can also argue that the streak is now complete. The chart below reveals US M2 against the above-ground designate of gold plus the market designate of bitcoin. All the design by instances of industrial… pic.twitter.com/fdaS9rjnlu
— Jurrien Timmer (@TimmerFidelity) October 23, 2025
He has noted that the 2 sources represent 133% of M2, which represents the final US cash offer that involves cash, deposits, etc.
Right here’s conclude to the 1980 high of the yellow steel’s designate relative to M2
That acknowledged, Timmer failed to explicitly voice that these sources have already peaked. Nonetheless, he believes that bears wants to be rather cautious.
“It’s something to remember after gold’s stratospheric streak,” he acknowledged.
Two key tendencies
In a custom-up post, he claims that Bitcoin and gold are truly a play on two tendencies: US fiscal dominance and the scenario to greenback dominance.
Countries and patrons are looking out for non-greenback sources that can also wait on as viable alternatives.
