Fidelity's director of global macro: bitcoin is 'worth considering for inclusion in a portfolio'

From theblockcrypto.com

Given the current economic backdrop, investors might want to start considering adding bitcoin to their portfolio, argues Jurrien Timmer, the director of global macro at Fidelity Investments. In a note titled "Understanding Bitcoin," Timmer — a 26-year veteran of the asset management giant — said that bitcoin could be seen as a form of "digital gold" and could offer protection against inflation. "In my view, some investors may wish to consider bitcoin, alongside other alternatives, as one component of the bond side of a 60/40 stock/bond portfolio," he said. Fidelity oversees over $9.8 trillion in total customer ... (full story)