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#S&P 500 correlation

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Why Fidelity’s Jurrien Timmer Still Prefers Bitcoin Over Gold
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Why Fidelity’s Jurrien Timmer Still Prefers Bitcoin Over Gold

Key Highlights Fidelity Director of Global Macro Jurrien Timmer reaffirmed his investment preference for Bitcoin over gold, pointing to its resilience during broader asset sell-offs. Both Bitcoin and gold have exhibited a 60% to 70% correlation with the S&P 500 recently, moving in tandem with broader equity risk-off trends. Bitcoin traded around $75,904 as market ...