BTC064: Bitcoin and Fidelity’s Director of Global Macro Jurrien Timmer

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Preston Pysh talks with Jurrien Timmer, Fidelity’s Director of Global Macro. They discuss the current economic outlook for 2022 and why Fidelity views Bitcoin differently than all the other digital assets.

IN THIS EPISODE, YOU’LL LEARN:
0:00:00 – Intro
0:00:31 – Who influenced Jurrien and what was sage advice he received when he was first learning?
0:04:55 – What are some of the most important variables he looks at for cycle timing?
0:14:38 – How much can the FED realistically raise rates in the current cycle.
0:18:32 – How Jurrien thinks about earnings growth decline and P/E stagnation during a bull run.
0:26:51 – What Jurrien’s long-term secular outlook is for equities and bonds.
0:29:18 – How does the FED respond to inflation in 2022?
0:34:50 – Why has Fidelity been so early to Bitcoin compared to other Wall Street banks?
0:36:50- Why Fidelity views bitcoin differently than other digital assets.
0:37:27 – What differences does Jurrien see with Bitcoin compared to other assets he’s studied through the years?
0:38:08 – Bitcoin Stock to flow (supply model) versus Bitcoin Demand Model (S-Curve).
0:48:38 – The Volcano Bond and how it might be used as a model in the future.

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