Fidelity executive includes BTC in 60/20/20 portfolio allocation

Fidelity Global Macro Director Jurrien Timmer presented a 60/20/20 asset-allocation model of 60% equities, 20% bonds and 20% alternative assets, with Bitcoin included in the alternatives bucket. According to the latest allocation chart Timmer shared on X, global equities accounted for 60%, while the remaining 40% was spread across investment-grade bonds, Treasury Inflation-Protected Securities, gold, commodities, cash, Bitcoin, REITs and managed futures. Timmer said the 60/20/20 model had taken hold in place of the traditional 60/40 stock-and-bond portfolio as market conditions changed after COVID-19, and added he saw no reason to change it. Timmer also said the allocation was not an optimized model or investment advice, but a rough example of asset allocation.