Fidelity Analyst: Bitcoin Still in the Adoption Wave Midway Point, Price Movement Can Be Analogous to the Internet Adoption Curve
BlockBeats News, July 18th, according to Cointelegraph, Fidelity's Global Macro Director Jurrien Timmer drew a parallel between Bitcoin and the Internet wave, emphasizing that Bitcoin's growth trajectory closely resembles the adoption curve of the Internet over the past few decades.
Timmer stated, "Bitcoin is still following a power-law curve of wallet numbers and a demand model I've built based on Internet adoption. We are currently in the middle part of the entire curve."
The analysis pointed out that the current "step-like growth + consolidation" trend in Bitcoin's price still reflects that it is a maturing but not yet saturated asset class.
Regarding the influx of funds, Timmer commented that it is currently unclear whether these funds are from long-term believers or short-term speculators.
You may also like
Gainers
Latest Crypto News
CZ: Predicts More All-Time Highs Coming Soon, Exact Timing Unknown
「Rising Star 100% Win Rate Trader」 Goes Short with 40x Leverage on 500 BTC
「Bull Buddy」 is once again hyping up for a long position, with an average entry price of $31.97.
Kalshi has completed a $1 billion funding round at a $1.1 billion valuation
Coinbob has launched an on-chain address monitoring and copying tool for the Pacifica chain, allowing users to synchronize and earn Pacifica token rewards.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com