Fidelity Predicts a Bitcoin Boom—Could BTC Leave Gold Behind?

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• Bitcoin’s growth trajectory could allow it to match or surpass gold in value within 10-20 years, fueled by institutional interest.  
• While Bitcoin’s potential is high, gold remains a steadfast store of value, with its growth rate still outpacing Bitcoin in the short term.

The ongoing debate over whether Bitcoin can surpass gold in terms of value has gained attention, with recent comments from Fidelity’s Jurrien Timmer bringing fresh insights. As Bitcoin continues to grow in popularity and value, the possibility of it overtaking gold seems increasingly logical. 

While the current market valuation still places gold far ahead of Bitcoin, there is a growing sentiment among analysts that Bitcoin’s growth pattern could allow it to close the gap in the coming decades.

Jurrien Timmer, the Director of Global Macro at Fidelity, weighed in on the Bitcoin versus gold debate in a recent post on X (formerly Twitter) on March 28. Timmer stated that while Bitcoin may not surpass gold immediately, the growth rate of digital assets could put it in direct competition with valuable metals. 

Will #Bitcoin ever overtake gold? It’s possible, I guess, but in my view not any time soon. Assuming for a moment that gold continues to grow at its historical 8% CAGR (since 1970), and Bitcoin follows either the power law curve or the internet S-curve model, it could catch up… pic.twitter.com/geoE4tQymR

— Jurrien Timmer (@TimmerFidelity) March 28, 2025

According to Timmer, Bitcoin could follow either the power law curve or the internet S-curve model for growth, allowing it to catch up with gold in the next 10 to 20 years.

How Gold and Bitcoin Compare

Due to its scarcity, gold has long been viewed as a store of value, and it has endured economic volatility for centuries. Its price has grown steadily, with a compound annual growth rate (CAGR) of around 8% since 1970.

This growth rate has continued into 2025, with gold seeing a 17% increase in value this year alone. In contrast, Bitcoin, given its relatively short history, has far outpaced traditional assets in terms of percentage growth. 

Timmer’s analysis suggests that if Bitcoin follows the power law model, it could match gold’s valuation by 2035. On the other hand, if Bitcoin’s price matches more closely with its adoption rate, as suggested by the internet S-curve model, it may take around 20 years for the cryptocurrency to reach gold’s value. 

As reported in our previous report, a growing influx of institutional interest in cryptocurrency suggests that Bitcoin could match or surpass gold.

Over the past few years, an increasing number of institutional investors have recognized Bitcoin as a valuable asset, with many expanding their portfolios by allocating capital to the cryptocurrency. This shift contributes to Bitcoin’s price appreciation and could accelerate its growth further.

However, while Bitcoin’s price is likely to continue rising, gold will unlikely lose its status as a store of value anytime soon. Timmer noted that gold may always remain “Bitcoin’s quieter older sibling” if it continues growing at its current rate.

Competing Forecasts: Timmer vs. Saylor

While Timmer takes a measured approach to Bitcoin’s future, others, such as MicroStrategy founder Michael Saylor, are more optimistic. At the DC Blockchain Summit on March 28, Saylor suggested that Bitcoin’s market capitalization could soar to $500 trillion as it replaces traditional assets like gold, real estate, and sovereign wealth.

JUST IN: Michael Saylor says Bitcoin’s market cap will eventually reach $500 trillion. pic.twitter.com/HBzCTZoNop

— Watcher.Guru (@WatcherGuru) March 28, 2025

Saylor sees Bitcoin as a revolutionary asset that could transform global finance. It offers a decentralized and inflation-resistant alternative to outdated financial systems.