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Fidelity Analyst: Bitcoin Still in Adoption Wave, Trend Comparable to Internet Adoption Curve
Summary: According to Cointelegraph, Fidelity's global macro director Jurrien Timmer compared Bitcoin to the internet wave, emphasizing that Bitcoin's growth trajectory closely resembles the internet's widespread curve over the past few decades. Timmer stated that Bitcoin is still following a power law curve of wallet numbers and a demand model based on internet adoption rates. We ...
According to Cointelegraph, Fidelity's global macro director Jurrien Timmer compared Bitcoin to the internet wave, emphasizing that Bitcoin's growth trajectory closely resembles the internet's widespread curve over the past few decades. Timmer stated that Bitcoin is still following a power law curve of wallet numbers and a demand model based on internet adoption rates. We are currently in the middle stage of the entire curve. The analysis points out that the current stair-step rise + consolidation trend in Bitcoin prices still reflects it as a maturing, yet unsaturated asset class. Regarding the influx of funds, Timmer commented that it is still unclear whether these funds are coming from long-term believers or short-term speculators.
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Link: Fidelity Analyst: Bitcoin Still in Adoption Wave, Trend Comparable to Internet Adoption Curve [Copy]
