Jurrien Timmer, director of global macro at Fidelity, has compared the responses of gold and Bitcoin to monetary expansion (M2 growth). He notes that gold has a linear correlation with M2 growth over the past decades, while Bitcoin follows a power curve with exponential growth during periods of liquidity expansion. He describes the two assets as playing on the same team, but Bitcoin as a high-reward player. Timmer previously referred to Bitcoin as "exponential gold" and an aspiring player on the store of value team. Bloomberg's Mike McGlone predicts that gold could outperform Bitcoin in 2025. Timmer previously commented on Bitcoin being "stuck" at $100,000, but it came close to reclaiming that level after the SEC dropped the Coinbase lawsuit, though gains have been pared following the Bybit hack. Bitcoin is currently trading at $96,683.



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