Fidelity analyst: Bitcoin is still in the middle of the wave, and its trend can be compared to the Internet popularity curve

BlockBeats news, July 18, according to Cointelgraph, Jurrien Timmer, global macro director of Fidelity, compared Bitcoin with the Internet wave, and emphasized that the growth track of Bitcoin is highly similar to the Internet popularity curve in the past decades. Timmer said, "Bitcoin is still following the power law curve of the number of wallets and the demand model I built based on Internet penetration. We are in the middle of the whole curve." The analysis points out that the current trend of "ladder like rise+consolidation" in Bitcoin prices still reflects that it is a mature but not yet saturated asset class. Regarding the phenomenon of capital influx, Timmer commented that it is currently unclear whether these funds come from long-term believers or short-term speculators.