【Fidelity: Bitcoin May Soon Surpass Gold's Dominance】According to Golden Finance, Jurrien Timmer, the global macro director at Fidelity Investments, analyzed the dynamics between Bitcoin and gold, pointing out that Bitcoin may soon surpass gold's dominance. Based on the changes in the Sharpe ratio that measures the risk-adjusted returns of these two assets, gold and Bitcoin are negatively correlated with each other. Bitcoin has a Sharpe ratio of -0.40, while gold's is 1.33, indicating that Bitcoin may lead the market next and we will see a relay 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 one-fourth that of Bitcoin, despite having similar Sharpe ratios.