Fidelity's global macro director, Jurrien Timmer, drew a parallel between Bitcoin and the internet boom, emphasizing that Bitcoin's growth trajectory is very similar to the internet's adoption curve over the past few decades. Timmer stated, "Bitcoin is still following the power law curve of wallet numbers, as well as my demand model based on internet penetration. We are in the middle stage of the entire curve." The analysis points out that the current "step-up + consolidation" trend of Bitcoin prices still reflects that this is a maturing but not yet saturated asset class. Regarding the influx of funds, Timmer commented that it is not yet clear whether these funds are from long-term believers or short-term speculators. (Cointelegraph) [Odaily Planet Daily]

Analyst: Bitcoin is still in the middle of its adoption wave, and its trajectory is comparable to the internet adoption curve