[Fidelity Macro Director: Gold and Bitcoin May Not Become Absolute Stores of Value] Golden Finance reported that Jurrien Timmer, director of Fidelity Global Macro, recently commented on the debate over whether Bitcoin and gold are more reliable stores of value. Timmer's reasoning is based on the concept of "fiscal dominance," where the government takes action to expand the money supply and threaten the purchasing power of money. Timmer pointed out that inflation is brewing, as confirmed by the historical M2 money supply/CPI relationship. Although Bitcoin and gold can be said to be the most inflation-resistant assets according to theory, Timmer believes that this environment has not yet been fully realized even after the Fed's recent hawkish stance. Timmer said that despite the surge in the M2 money supply during the recent epidemic, the Fed's tight monetary policy made this phenomenon short-lived. This suggests that gold and Bitcoin may not yet be an absolute store of value.