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
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.

