In 2024, Bitcoin had an impressive rally and surpassed the $100,000 mark, stealing the show in the crypto market, according to Jurrien Timmer, the director of global macro at Fidelity Investments. He also highlighted the remarkable performance of gold, considering its negative correlation with other assets. Bitcoin and gold, along with leading US stocks, dominated the markets throughout the year. However, it is uncertain whether this trend will continue in 2025. Timmer mentioned that the money supply growth will be a crucial factor in determining the future progress of Bitcoin and gold. Additionally, he emphasized that the $100,000 milestone is merely a price point, while the combined market value of these assets, reaching $20 trillion, is grounded in monetary fundamentals. Timmer also observed that the growth of Bitcoin's network had slowed down significantly in 2024, which may have impacted its price.



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