Fidelity macro director recommends 4:1 Gold, Bitcoin store of value holdings

Fidelity’s Director of Global Macro, Jurrien Timmer, recommends a 4:1 gold-to-Bitcoin allocation for store-of-value holdings to optimize risk-adjusted returns. As of May 16, 2025, Bitcoin’s price is approximately $103,600, and gold is at $3,213 per ounce. Timmer notes that Bitcoin’s 52-week Sharpe ratio (-0.40) is converging with gold’s (1.33), suggesting Bitcoin’s risk-adjusted performance is nearing gold’s. The 4:1 ratio aligns historical volatility and returns, positioning gold and Bitcoin as complementary assets. This mix aims to balance inflation hedging with crypto’s upside potential, though Bitcoin’s negative Sharpe ratio and regulatory risks remain concerns. Show Less