Fidelity's Jurrien Timmer Compares Bitcoin Growth to Internet Expansion

According to BlockBeats, Jurrien Timmer, the Global Macro Director at Fidelity, has drawn parallels between Bitcoin's growth and the rise of the internet. Timmer highlighted that Bitcoin's growth trajectory closely mirrors the adoption curve of the internet over the past few decades. Timmer noted that Bitcoin continues to follow a power-law curve in terms of wallet numbers, aligning with a demand model he developed based on internet adoption rates. He suggested that Bitcoin is currently in the middle phase of this growth curve. The analysis indicates that Bitcoin's current price pattern, characterized by 'stair-step increases and consolidation,' reflects its status as a maturing yet unsaturated asset class. Regarding the influx of capital into Bitcoin, Timmer remarked that it remains uncertain whether these funds are from long-term believers or short-term speculators.