Macro· ★★★· neutral·

Fidelity's Timmer floats 60/20/20 allocation with bitcoin in alternatives

  • —Timmer's framework: 60% equities, 20% bonds, 20% alternatives
  • —Bitcoin named one of several candidates for the alternatives sleeve
  • —BTC correlation with the S&P 500 around 30%, with long-term USTs near zero
  • —A 2018-2024 simulation showed a 1% BTC swap adding 2.7% to total volatility
Why it matters: A major asset manager signaling bitcoin's role in multi-asset portfolios, even without specific allocation guidance.
Source: TokenPost