- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
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
Trump Says Fed Chair Should Cut Interest Rates, Reiterates Criticism of Powell
In the past 24 hours, the entire network liquidated $376 million, with the majority coming from the largest short position
The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.2%.
Trump: Will Announce New Fed Chair in Early Next Year
Coinbase International Site to Launch DASH Perpetual Contract Trading
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App