Fidelity Analyst Jurrien Timmer Forecasts Bitcoin Taking Market Share From Gold – Here’s His Outlook

A high analyst on the funding large Constancy thinks Bitcoin (BTC) is primed to take market share from gold.

Jurrien Timmer, Constancy’s director of world macro, shares a chart on the social media platform X that examines the worth of “financial gold.”

The time period refers back to the gold that’s explicitly held by central banks and personal traders as a financial asset and isn’t used for jewellery or industrial functions.

“That is an admittedly inexact science, however based mostly on information printed by the World Gold Council, I’m guessing that the share of financial gold is round 40% of whole above-ground gold.

Primarily based on the calculations outlined in my earlier threads, I estimate that Bitcoin will finally seize round 1 / 4 of the financial gold market. At 40%, financial gold is at the moment price round $6 trillion, whereas Bitcoin is price $1 trillion.”

1 / 4 of $6 trillion is a $1.5 trillion market cap, which might equate to a value per Bitcoin of round $76,000. Timmer, nonetheless, additionally assumes that by the point BTC reaches that stage of gold’s market share, the worth of the dear steel will probably be “a lot larger,” suggesting that his estimated market cap for Bitcoin will probably be larger than $1.5 trillion.

Bitcoin is buying and selling at $56,306, up over 9.30% within the final 24 hours.

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