The password, just brushed, thought Bitcoin would rise, scared the hell out of me, I sold at 13%.
Binance News
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Fidelity Forecast: Bitcoin May Soon Surpass Gold's Dominance
According to Odaily Planet Daily, Jurrien Timmer, the global macro director at Fidelity Investments, analyzes the dynamic relationship between Bitcoin and gold, referencing data from FMR Co and Bloomberg, highlighting the trend in the Sharpe ratios of both.Timmer states that there is a negative correlation between gold and Bitcoin, with the Sharpe ratios of both alternating in leadership recently. The next possible leading moment may be for Bitcoin, as its Sharpe ratio is currently -0.40, while gold's is 1.33.The data shared by Timmer shows that the return on gold is $22.51 and on Bitcoin is $13.22, where the return on gold is magnified by 4 times to reflect its lower volatility, while the return on Bitcoin is not adjusted proportionally, remaining at 1 times.
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