[Fidelity Global Macro Director: Gold and Bitcoin may not yet be an absolute store of value] According to Golden Finance, Jurrien Timmer, Fidelity Global Macro Director, recently expressed his views on whether gold and Bitcoin have become more reliable stores of value. His views are based on the concept of "fiscal dominance", that is, the government affects the purchasing power of money by expanding the money supply. Timmer pointed out that signs of inflation have already appeared, as evidenced by the historical relationship between the M2 money supply and the CPI. Although gold and Bitcoin are theoretically the most inflation-resistant assets, he believes that this has not yet been fully realized even after the Fed's recent hawkish stance. He further stated that although the M2 money supply has increased significantly during the recent epidemic, this phenomenon has only been short-lived due to the Fed's tight monetary policy. This means that gold and Bitcoin may not yet be an absolute store of value.