Fidelity Executive Jurrien Timmer Unveils New Portfolio Model—What Percentage Does Bitcoin Hold?

Timmer Includes Bitcoin in Alternative-Asset Portfolio Model

In Timmer’s new, updated portfolio model, global equities account for 60% of the allocation. Bonds represent another 20%, while the remaining 20% is assigned to a range of diversified alternative assets.

The alternative-assets portion includes gold, commodities, cash, Bitcoin, real estate investment trusts (REITs) and managed futures. The structure places Bitcoin alongside several established asset classes and investment strategies within the model’s diversification allocation.

Bitcoin’s Relationship With Stocks and Bonds

Timmer stated that Bitcoin’s correlation with the S&P 500 is approximately 30 percent. He also said Bitcoin has no correlation with U.S. Treasury bonds, arguing that cryptocurrencies such as BTC can be used as part of a diversified portfolio.

The allocation example does not present Bitcoin as a standalone portfolio holding. Instead, it places BTC within a broader 20% category that also includes traditional alternative assets, cash and managed strategies.

Timmer Says Model Is Not Investment Advice

Timmer emphasized that the study was not an optimized portfolio model. Describing the allocation as a “roughly prepared” example of how assets could be distributed, Timmer said it should not be treated as investment advice.

In an earlier analysis, Timmer predicted that the power law model pointed to a Bitcoin price of $300,000 by 2029. The earlier prediction and the updated allocation model address different aspects of Bitcoin analysis: one focuses on a potential price trajectory, while the other considers BTC’s role among diversified assets.

Why This Matters

The model highlights the continuing discussion around Bitcoin’s potential role in multi-asset portfolios. Timmer’s comments focus on correlation, particularly Bitcoin’s reported relationship with equities and U.S. Treasury bonds, as a factor that may influence diversification decisions.

Because Timmer described the allocation as a non-optimized example rather than a recommendation, the model does not establish a target weighting for investors or indicate that the listed assets should be held in those exact proportions.

Frequently Asked Questions

What percentage of Timmer’s model is allocated to Bitcoin?

The source does not specify a separate percentage for Bitcoin. It says Bitcoin is included within the broader 20% allocation to alternative assets.

Which assets are included in the alternative-assets allocation?

The allocation includes gold, commodities, cash, Bitcoin, REITs and managed futures.

Did Timmer present the model as investment advice?

No. Timmer said the study was not an optimized portfolio model and described it as a “roughly prepared” example of asset allocation.

This is not investment advice.