Global macro director at Fidelity Investments, Urrien Timmer, shared perspectives on Bitcoin's climb to new all-time highs, focusing on the significance of increased adoption in this process. Despite an upturn in Bitcoin's price, Timmer noted a recent deceleration in network growth, prompting concern over its impact on market performance. Timmer stressed the need for accelerated network expansion to achieve new all-time highs, highlighting the role of the financial dominance thesis. He also underscored Bitcoin's robust store of value characteristics compared to gold, driven by scarcity and central bank policies. Referring to Bitcoin as 'exponential gold,' Timmer emphasized its vital position in the value storage ecosystem. Investors should track Bitcoin's network growth and adoption rates, as well as central bank policies, to anticipate price movements effectively. Timmer emphasized the crucial role of adoption in driving substantial price increases, showcasing Bitcoin's adoption curve through an uptick in wallet addresses holding non-zero balances. Bitcoin's price dynamics, governed by network growth, scarcity, and macroeconomic policies, reveal inherent market tendencies. Currently priced at $67,000, Bitcoin has seen marginal declines lately.