Fidelity’s director of global macro, Jurrien Timmer, said the combination of loose fiscal and monetary policy is "clearly bullish" for Bitcoin. His remarks followed last week’s U.S. Treasury decision to buy back long-term bonds while increasing issuance of short-term bills, a strategy that has weakened the dollar and helped drive gains in gold and Bitcoin. Timmer said markets are sensing a "precarious moment" involving fiscal dominance—the growing influence of government financing needs over monetary policy—and the possibility that the Federal Reserve could lose its independence. If the Treasury expands its buyback program significantly, the central bank could be pressured to align with the measures, described as "Operation Twist," potentially contributing to currency debasement. Timmer views that prospect as negative for the dollar and supportive of hard assets. Gold and Bitcoin have lagged this year’s broader upward momentum but are now rapidly narrowing the gap, he said, adding that both have "ample room to rise further" if policy remains accommodative. The analysis reflects a broader macro-investor view that fiscal expansion and central-bank easing may erode fiat-currency value, increasing demand for alternative stores of value and potentially affecting portfolio allocation.