Fidelity's Jurrien Timmer emphasized Bitcoin's resilience amid macroeconomic headwinds in March 2026, noting that its performance diverges sharply from typical non-yielding assets. He identified $60,000 as a critical structural floor, a view supported by valuation models including power law models and the gold/Bitcoin ratio. Despite elevated bond yields and a stronger dollar, Bitcoin and Ethereum have demonstrated strong risk-adjusted returns (Sharpe ratio) rebounds, contrasting sharply with weakness in traditional assets. Timmer suggests the market may be anticipating a paradigm shift—such as fiscal policy dominance following the U.S. election, or artificial intelligence-driven labor market disruptions ultimately leading to the emergence of Modern Monetary Theory (MMT) and Universal Basic Income (UBI)—which could explain Bitcoin's strong positioning as a hedge against currency depreciation.