Bitcoin News: Fidelity Director Foresees Bitcoin Potentially Surpassing Gold in Market Value

In a recent social media post, Fidelity Investments’ director of global macro Jurrien Timmer shared his insights on the future of Bitcoin, predicting that it could potentially surpass gold in market value. Here’s a closer look at his projections and the implications for the cryptocurrency market.

Fidelity Director Predicts Bitcoin Could Overtake Gold in Market Value

Fidelity Investments director of global macro Jurrien Timmer believes that Bitcoin (BTC) has a “possible” path to surpassing gold in market value, but not in the near future. In a detailed social media post, Timmer used a chart to compare the projected growth of gold and Bitcoin over time. He noted that if gold continues to grow at its historical compound annual growth rate of 8% and Bitcoin follows either a power law adoption curve or the internet’s S-curve growth model, the two could converge within the next 10 to 20 years. Timmer’s prediction echoes Michael Saylor’s absorption theory regarding Bitcoin’s potential to replace gold as a store of value.

GameStop Stock Plunges 22%, Triggering Short Sale Restrictions Amid Bitcoin Acquisition Plans

GameStop’s stock declined by 22% on March 27, 2025, prompting the NYSE to implement short sale restrictions. The surge in short interest to 30.85 million shares indicates investor skepticism. GameStop has announced plans to acquire Bitcoin, but analysts are concerned about its business strategy. The strategic move has caused widespread worries in the market about the company’s direction, leading to increased short-selling activity.

Bitcoin ETF Inflow Streak Breaks After 10-Day Surge

After a strong 10-day streak of inflows, Bitcoin ETFs saw a sudden reversal on March 28, 2025, with a $93.16 million outflow—the first in nearly two weeks. From March 14 to March 27, these ETFs attracted over $1 billion, peaking at $274.59 million on March 17. The streak’s end hints at shifting investor sentiment, raising questions about whether this is a temporary pause or the start of a broader trend reversal in Bitcoin ETF demand.

Bitcoin And The End Of Cash

Central bank digital currencies (CBDCs) like the proposed digital euro by Christine Lagarde, the President of the European Central Bank (ECB), are gaining traction. The Chief Economist of the ECB, Philip Lane, believes that a digital euro is necessary to mitigate risks associated with foreign stablecoins and reduce dependence on American payment companies. However, a survey by the ECB shows that 62% of Europeans think it is important for merchants to accept cash, despite the decline in cash payments. Cash payments have decreased from 59% to 52% in the last two years. Fortunately, there will always be Bitcoin, which offers a decentralized and private alternative to CBDCs.

Bitcoin Price Falls, But Whales Increase Purchases

Bitcoin has been on a downward spiral for four consecutive days, reaching a low of $83,387 on March 28. Small investors are panicking, but according to several market analysts, large investors or ’whales’ are significantly intensifying their positions in Bitcoin. This recent plunge occurs against a backdrop of a gloomy global economic context, with U.S. stock markets also suffering substantial losses. The main cause of this widespread anxiety lies in the latest inflation data. No mention of specific exchanges or other coins in this context.