This article analyzes Fidelity Investments' comparison between Bitcoin's growth and the internet's adoption. Jurrien Timmer, the Global Macro Director, asserts that Bitcoin is at a similar stage to that of the internet.
Comparison of Bitcoin and the Internet
Fidelity Investments has drawn parallels between Bitcoin's growth and the development of the internet. Jurrien Timmer, Global Macro Director, emphasized that Bitcoin's growth curve is similar to the internet adoption curve of the past.
Growth Assessments of Bitcoin by Jurrien Timmer
Timmer noted that Bitcoin's growth and adoption follow a similar model as in the internet case. He emphasized: "Bitcoin continues to follow both the Power Law curve of its wallets and its demand model based on the internet adoption curve. We are currently in the middle of the adoption curve."
Bitcoin Price Forecasts
Recently, Timmer shared his Bitcoin price forecast, stating a long-term target price of $200,000 to $300,000, highlighting a bullish price structure at present.
The comparisons between Bitcoin's growth and the internet adoption process provide an intriguing perspective, highlighting similarities in both cases. Bitcoin's growth forecasts may indicate its further development as a significant asset.
