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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.
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