Fidelity’s Director of Global Macro Jurrien Timmer says Bitcoin is already entering the latter part of its S-curve adoption cycle. Timmer believes Bitcoin will size up next to gold, and where the asset belongs within a traditional 60/40 portfolio. The recent approval of Bitcoin spot ETFs in January has helped “democratize” the asset, putting it “on the menu” for investors regardless of their technical sophistication, Timmer said in an interview published on Tuesday.
Source: Andrew Throuvalas, 2024-06-05; https://cryptopotato.com/bitcoin-has-entered-the-more-mature-part-of-its-adoption-cycle-fidelity/