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

Planet Daily News: Jurrien Timmer, Fidelity's Global Macro Director, drew a parallel between Bitcoin and the internet wave, emphasizing that Bitcoin's growth trajectory is highly 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 and the demand model I built based on internet penetration rates. We are currently in the middle stage of the entire curve." The analysis points out that Bitcoin's current price movement of "step-by-step rise and consolidation" still reflects an asset class that is maturing but not yet saturated. Regarding the influx of funds, Timmer commented that it is currently unclear whether these funds are coming from long-term believers or short-term speculators. (Cointelegraph)