Fidelity Director Sees Bitcoin Approaching a Crucial Breakout Point

Jurien Timmer, Fidelity’s global macro director, anticipates that Bitcoin is on the verge of breaking away from its historical correlation with equity markets. He views this divergence as a significant milestone in Bitcoin’s evolution, marking a new phase where it behaves independently from traditional financial assets.

The global M2 money supply has surged to $111.9 trillion, a result of expansive central bank policies. Both Bitcoin and gold have responded strongly to this increase in liquidity, with investors increasingly treating them as protective assets against the weakening value of fiat currencies.

Although Bitcoin initially lagged behind gold during recent market swings, it has now surpassed its previous highs, reaching around $112,000. Timmer points out that while Bitcoin was once closely linked with tech stocks, it is now establishing itself as a distinct store of value. He compares this moment to when gold and Bitcoin stand together on the investment stage, each serving a unique role.

This growing independence from equities could enhance Bitcoin’s reputation as a reliable long-term hedge. According to Timmer, if this pattern continues, Bitcoin’s upcoming milestones may transform how investors perceive it in terms of monetary security.