- Bitcoin’s stunning underperformance
- A “hopeful sign”
- The next bull cycle
Jurrien Timmer, Fidelity Investments’ director of global macro, has identified a critical silver lining in Bitcoin’s recent price action
A technical pattern shows that the worst of the sell-off may be over as the cryptocurrency remains below the make-it-or-break-it $70,000 level
Bitcoin’s stunning underperformance
Timmer’s latest analysis offers a sobering look at how Bitcoin stacks up against traditional assets using the Sharpe Ratio, which is a metric that is used for evaluating risk-adjusted returns.
HOT Stories
Ripple Exec Reports Breakthrough in DC Crypto Meeting
Crypto Market Review: XRP Faces 85% Volume Reset, Shiba inu (SHIB) Bull Run Chances Are Slim, Analyzing Dogecoin’s Possibility to Return to $0.10
According to the Fidelity executive, equities are currently sitting in the middle of the pack with modest 52-week Sharpe Ratios. Gold reigns supreme at the top while Bitcoin remains anchored at the bottom.
“Gold continues to exhibit very resilient behavior, recovering quickly from corrections,” Timmer noted. “This is what super-bull markets are made of.”
A “hopeful sign”
Still, there is a sign of hope. Bitcoin managed to carve out a “higher low” on Friday, holding strong at the $65,000 support zone.
Crucially, this occurred while more speculative equities were making lower lows. This divergence, according to Timmer, shows underlying strength and seller exhaustion on the crypto side.
“That’s a hopeful sign, especially after reaching the $65k support zone,” Timmer explained.
Bitcoin is currently changing hands at around $67,778, up 1.0% over the last 24 hours.
The next bull cycle
Following Bitcoin’s peak near $125,000 in October 2025, Timmer predicted that the four-year cycle bull market had ended.
As reported by U.Today, Timmer predicted that Bitcoin’s plunge to $60,000 could be the bottom of the correction
“A decline to ‘only’ $60k would be relatively shallow for a Bitcoin winter, but as the commodity currency matures, its ups and downs should become less dramatic,” he observed.
The Fidelity director views the current market as a necessary period of “backing and filling.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
LM Funding, a mining company, disclosed that it mined 22 BTC in Q4. As of the end of February, it holds 354.7 BTC.
Gate News reported that on March 28, Nasdaq-listed Bitcoin mining company LM Funding America disclosed its financial performance data. The company mined 22 BTC in the fourth quarter of 2025 and held 354.7 Bitcoins as of February 28, 2026, including 174 Bitcoins held in the Galaxy Digital digital asset receivables account. Additionally, the company's total mining hash rate reached approximately 782 PH/s.
GateNews25m ago
Are Investors Rotating Out of Gold Into Bitcoin?
Gold’s recent decline has extended into its worst losing streak in more than a century, last seen in February 1920. Prices have retreated over 25% from January highs. It even dipped briefly to $4,090 before staging a partial recovery to about $4,455 midway through the week.
Despite speculation
CryptoPotato40m ago
Bitcoin Price Drops Below $70K as Short-Term Holders Hit Mass Capitulation
After another unsuccessful attempt to decisively reclaim the $72,000 resistance, bitcoin’s price dipped by two grand again, slipping below $70,000.
Popular analyst Michaël van de Poppe weighed in on BTC’s longer-term performance, explaining why the current environment could be a “great time to
CryptoPotato46m ago
