Bitcoin to Challenge Gold’s Market Share, Says Fidelity Analyst Jurrien Timmer

Jurrien Timmer, a top analyst at Fidelity, believes Bitcoin (BTC) has the potential to take a significant portion of the market share currently held by gold.

Monetary Gold and Bitcoin’s Market Cap

  • Timmer’s analysis focuses on “monetary gold,” which refers to gold held by central banks and private investors as a monetary asset, excluding gold used for jewelry or industrial purposes.
  • He estimates that monetary gold comprises about 40% of the total above-ground gold supply.
  • Based on his calculations, Timmer predicts that Bitcoin could eventually capture around a quarter of the monetary gold market.

Bitcoin’s Potential Market Cap

  • With monetary gold currently valued at around $6 trillion and Bitcoin at $1 trillion, a quarter of the monetary gold market would equate to a Bitcoin market cap of $1.5 trillion.
  • Timmer acknowledges that by the time Bitcoin reaches this level of market share, the value of gold will likely be higher, resulting in an even larger estimated market cap for Bitcoin.

Current Bitcoin Price and Market Sentiment

  • At the time of writing, Bitcoin is trading at $56,306, showing a 9.30% increase in the last 24 hours.
  • This positive market sentiment aligns with Timmer’s bullish outlook for Bitcoin’s future growth.


  • The opinions expressed in this article are not intended as investment advice.
  • Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.