Jurrien Timmer, Head of Global Macro at Fidelity Investments, a major U.S. asset management firm, assessed that short-term speculative investment capital is rapidly exiting the cryptocurrency and precious metals markets. According to U.Today, he explained, "This speculative capital initially moved into Bitcoin, and then into gold, causing gold prices to skyrocket almost vertically. However, now the capital is flowing concentratedly into tech stocks."
