🔗 Bitcoin vs. the Internet: A Familiar Growth Story? 🌐💸
Many have drawn comparisons between Bitcoin and the internet, suggesting that their paths to mass adoption are surprisingly alike. The latest to highlight this was none other than Fidelity Investments – a giant in the financial world 🏛️.
📊 Jurrien Timmer, Director of Global Macro at Fidelity, shared that Bitcoin's adoption curve mirrors the internet's explosive growth in its early days. According to Timmer, BTC is currently sitting right in the middle of that curve, still in its prime growth phase 🚀.
He pointed out that Bitcoin is tracking the Power Law in terms of wallet distribution 📈 and is following a demand model similar to how the internet spread across the globe decades ago. “We’re watching Bitcoin grow just like the web did,” he noted. 🌍✨
📈 Bullish Long-Term Outlook
Timmer also revealed his long-term price prediction for Bitcoin: between $200,000 and $300,000 💰! He believes the current market structure remains bullish and that Bitcoin's adoption is still just getting started. #bitcoin #BTC #altcoins #crypto #BTC☀