Jurrien Timmer believes that gold will pass the baton to BTC

Jurrien Timmer is the director of global macroeconomic analysis at the investment company Fidelity Investments.

He suggested that Bitcoin may take the leading position now.

In his analysis, he relies on the Sharpe ratio and the negative correlation between gold and BTC.

Analyzing the Sharpe ratio, one can notice that they take turns leading.

And apparently, it may now be Bitcoin's turn to take the lead: its Sharpe ratio is -0.40, while Gold's is 1.33.

BTC may show upward dynamics, but I think we will not see strong growth; I expect a corrective movement before it.