Get bullish as head of macro at Fidelity Investments Jurrien Timmer drops a bombshell on the Bitcoin and gold debate. Timmer also projects a possible $700,000 Bitcoin this cycle! Basically there is no second best. See what has Timmer and Blackrock CEO Larry Fink bullish on Bitcoin as they sound more like Microstrategy’s Michael Saylor every day. Is the Bitcoin Etf on the way? Vaneck and Vanguard say this month? You don’t want to miss this one!!

    There is no second best!!

    #bitcoin #fidelityinvestments #bitcoinetf #blackrock #jurrientimmer
    #btc #simplybitcoin #bitcoinnews #larryfink #michaelsaylor

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    Sources and Media
    ► “In my view, bitcoin is a commodity currency that aspires to be a store of value and a hedge against monetary debasement. I think of it as exponential gold”: https://x.com/SimplyBitcoinTV/status/1720177270579470582?s=20
    ►Bitcoin is volatile but its scarcity and adoption curve create the potential for it to be a high-powered hedge against monetary shenanigans. I think of it as “exponential gold.” https://twitter.com/TimmerFidelity/status/1720152886863179937
    ► Jurrien Timmer of Fidelity hints at a bullish Bitcoin future if history rhymes. Following 2011 and 2013 trends could catapult BTC to $700K. A more modest outlook mirroring 2017 suggests a rise to $200K-$300K. https://x.com/SimplyBitcoinTV/status/1720024540011491343?s=20
    ►Jurrien Timmer, Director of Global Macro at Fidelity recently created a risk-reward chart for investment assets. The report stated that Bitcoin’s risk-reward “is in a different universe.” https://x.com/Rho_xyz/status/1720508937705750925?s=20
    ► Bitcoin is a flight to quality. -Larry Fink of BlackRock: https://x.com/natbsunell/status/1719475020148121987?s=20
    ► Bitcoin ETFs will change the entire way we invest […] The entire bond market has been transformed […]” https://x.com/CollinBrownXRP/status/1717821126611550389?s=20
    ► Fink transformation: https://x.com/PakoCryptoBox/status/1718212797689888827?s=20
    ► Bitcoin is the new gold because of its convexity, network effects, and increased scarcity. It’s becoming the leader in terms of hedging against monetary inflation. Jurrien Timmer, Fidelity: https://x.com/Blockworks_/status/1423252562724204547?s=20

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    20 Comments

    1. BTC is not even close to gold. More hype. BTC is not functional as a currency and has no real enterprise uses. BTC is too slow, too costly and will not scale. BTCs only value comes from mining and it is on a loosing track. Right now the energy cost eats up 61% of the returns. What happens in Apr. when it halves again? If the price is the same the energy cost would be 122% of your profits. Eventually those miners left will not be trusted. It also shows the issues. Also there are way better crypto out. “Hedera Hbar”. It is adopted by some of the worlds largest companies and has done over 26.67 billion transactions. Over 199.2 million a day. Now doing over 2,350 per sec. Hedera is 200 million times greener than BTC. faster, Proven ABFT secure, less costly and scalable. BTC has yet to do 1 billion tx in its life time and it is 8 years older than Hedera. Search (Bitcoin Energy Consumption Index) updated daily by Cambridge.

    2. VERSUS!!! A Verse is a line from a poem, song or the Bible. If you want to be an influencer, learn to communicate in your native language at least. Irregardless!

    3. All of those people who differentiate between Bitcoin "and everything else" are TRADFI dinosaurs. There is value in Bitcoin as a commodity AND there is value in
      other blockchain projects such as tech, finance, global distribution, etc. In other words, they aren't mutually exclusive. They serve different needs.

    4. Bitcoin is nothing but electronic/digital fiat currency. It is only backed by fiat currency and not by gold, silver or any other commodity. During an EMP attack, its value is totally destroyed until the electric grid is restored.

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