Analyst: Bitcoin is still in the middle of the adoption wave, and its trend can be compared to the Internet popularity curve
Odaily News Jurrien Timmer, head of global macro at Fidelity, compared Bitcoin to the Internet wave and emphasized that Bitcoins growth trajectory is highly similar to the Internets popularity curve over the past few decades.
“Bitcoin is still following the power law curve of wallet numbers and the demand model I built based on internet penetration,” Timmer said. “We’re in the middle of that curve.”
The analysis pointed out that the current step-by-step rise + consolidation trend of Bitcoin prices still reflects that this is an asset class that is maturing but not yet saturated.
Regarding the influx of funds, Timmer commented that it is not clear whether these funds come from long-term believers or short-term speculators. (Cointelegraph)
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
Vaulta Foundation CEO Announces Resignation, Initiates Successor Election Process
Polymarket Named Exclusive Prediction Market Partner of Yahoo Finance
Trump to Host Private Dinner with Business Leaders at the White House
Atlanta Fed President Bostic to Retire in February Next Year
US Stock Market Opens with All Three Major Indexes Gapping Up, Crypto-related Stocks Show Broad Gains
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]