Timmer: Bitcoin outpaces gold amid market turbulence
7 Markets Jurrien Timmer favors Bitcoin over gold, citing its stronger performance, a rising BTC-gold ratio, and major ETF inflows, despite increased volatility and correlation with equities.
Jurrien Timmer continues to favor Bitcoin over gold, even as both assets have faced declines amid the recent market sell-off. He points out that Bitcoin’s price relative to gold has demonstrated notable resilience, with the BTC-gold ratio climbing about 75% from its cycle low. Currently, one Bitcoin can purchase roughly 21 ounces of gold, up from 12 previously, signaling Bitcoin’s comparative strength and potential for greater upside. Timmer also highlights significant institutional interest, as evidenced by nearly $55 billion in inflows to spot Bitcoin ETFs since 2024. However, he cautions that Bitcoin’s volatility and its growing correlation with equity markets, especially the S&P 500, remain important risks for investors to consider. Despite these challenges and the increasing alignment of both assets with equities, Timmer believes Bitcoin offers a stronger tactical advantage over gold at present. He emphasizes, though, that this does not mean Bitcoin should entirely replace gold in a portfolio.
