- Bitcoin presents long-term growth possibilities, aligning with adoption curves that challenge gold’s historical performance as a monetary anchor.
- Timmer projects slow Bitcoin ascendance while gold retains its annual growth rate, backed by decades of stable demand.
Jurrien Timmer, director of global macro at Fidelity Investments, has offered an assessment of Bitcoin’s potential to surpass gold in the long run. However, he does not predict an immediate shift, suggesting it could take a decade or two if the crypto asset follows either an S-curve adoption trend or a power law curve.
Meanwhile, he expects the price of the precious metal to continue growing at its historical compound annual growth rate (CAGR) of eight percent, consistent with data since the 1970s. Additionally, he calls gold the older counterpart, implying that it maintains a steady hold even as new possibilities appear.
Multiple economic blocs monitor the actions of the BRICS alliance, which gathered 4,800 metric tons of gold in 2024 to lessen reliance on the dollar. Moreover, this move happened as new tariffs, introduced by Donald Trump in 2025, reached up to 150 percent for certain regions.
Chinese President Xi Jinping on tariffs:
“Certain countries, through exclusionary blocs and tariff barriers, engage in politicization and weaponization of trade issues.
China’s door will only open wider. Believing in China is believing in a better tomorrow. Investing in… pic.twitter.com/LjrhomoMRK
— BRICS News (@BRICSinfo) March 30, 2025
Consequently, investors rushed toward the precious metal, driving its price upward by about 14 percent since the start of the year. Furthermore, this shift turned gold into a monetary tool for those seeking shelter from uncertain trade conditions. Observers note that such holdings offer strategic leverage in international negotiations.
Compared to BRICS countries, Europe’s gold holdings as a percentage of total reserves are flat, but have been trending upward since 2021. https://t.co/0OFH1KcRvt pic.twitter.com/t5VRORqCfK
— apsk32 (@apsk32) March 29, 2025
First, the BRICS grouping anticipated escalating economic pressures, so it boosted its gold reserves early. Next, market volatility and worries related to trade disputes encouraged more people to favor a metal that retains its worth during upheavals. Finally, by diversifying away from dollar holdings, these nations gained an extra layer of monetary independence.
ETHNews also point out that large gold stocks can serve as a tool when dealing with foreign sanctions. For that reason, the gold position adopted in 2024 now appears to offer both financial protection and negotiation advantages, especially during times of global unpredictability.
Meanwhile, Timmer notes that if Bitcoin adheres to projected adoption models, it may challenge gold’s historical growth rate. In addition, he recognizes that a new gold-backed stablecoin, advocated by some BRICS participants, might alter global transaction flows.
Another aspect of valuing #Bitcoin is its aspirational role as hard money (store of value), and how it fits in the macro landscape. If we think of gold and Bitcoin as hard money and the money supply as soft money, then it’s always a battle for market share between the two.
When… pic.twitter.com/aZZ463zkqu
— Jurrien Timmer (@TimmerFidelity) March 28, 2025
However, this concept aims to circumvent monetary constraints imposed by international policies, which suggests a broader shift in financial relationships. Gold remains outside the direct control of any central bank, allowing it to act as a universal store of worth. That trait appeals to those who seek alternatives outside traditional banking frameworks, particularly when trade barriers grow more restrictive.
Therefore, a more diverse monetary environment could take shape, with both Bitcoin and the lustrous metal contributing to new methods of storing and transferring value. Moreover, some see this luminous metal as a timeless guard against policy changes, while others view digital coins as tools for rapid exchange.
Bitcoin is a network asset, and like all networks its market value has grown exponentially to the size of its network (per Metcalfe’s law). Not to ever compare Bitcoin to a stock, but if we look at how a large tech network like Apple has grown in market value as an exponential… pic.twitter.com/IPpfokcGeo
— Jurrien Timmer (@TimmerFidelity) March 26, 2025
Ultimately, these parallel trends reflect how market participants adapt to shifting conditions without relying on a single reserve asset. Many analysts believe that gold’s status will remain strong, even if Bitcoin gains traction. The broader result may be a system in which both assets thrive, each appealing to different priorities.
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