Macro director of Fidelity Investments Jurrien Timmerthinks that as the adoption rate increases, the price of Bitcoin (BTC) will increase exponentially.
Timmer, who conveyed his views in a new interview he attended, claimed that Bitcoin followed the same growth path as Apple, the world’s largest company in terms of market capitalization.
“Bitcoin (BTC) I compared the overall network impact to that of Apple computers. As Apple revenues increase, its stock price also increases exponentially. It doesn’t follow a line…
Bitcoin is also following this path. So I think there is a very solid logic as to why Bitcoin should see higher values as the demand curve evolves.”
The global macro director at Fidelity Investments added that Bitcoin is in a class of its own, unlike other crypto assets.
“Maybe other digital assets can do a better job compared to Bitcoin because they are more scalable but other assets maybe less decentralized. This is exactly why, for me, Bitcoin’s store of value like gold should be classified as an asset class. And the remaining digital asset world is acting more as an ‘entrance asset’.”
Timmer also thinks that Bitcoin is now in the same phase as gold in the 1970s, when precious metals were volatile in price.
“I think Bitcoin is now at the same stage where gold was in the 1970s. Gold had ceased to be money and had become an asset of value. And at this stage, he went on a price discovery. He was quite young, but getting old. It was quite volatile, very high, but it also had huge disadvantages. bitcoinWe can see similar things in .
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.