According to BlockBeats news on July 18, reported by Cointelegraph, Jurrien Timmer, Global Macro Director at Fidelity, compared Bitcoin to the internet wave and emphasized that Bitcoin's growth trajectory is highly similar to the internet adoption curve of the past few decades.
Timmer stated, 'Bitcoin is still following the power law curve of wallet numbers, as well as the demand model I constructed based on internet penetration rates. We are in the middle stage of the entire curve.'
The analysis points out that the current price of Bitcoin shows a 'stepped rise + consolidation' trend, which still reflects that this is a maturing but not yet saturated asset class.
Regarding the influx of funds, Timmer commented that it is currently unclear whether these funds come from long-term believers or short-term speculators.
