Jurrien Timmer, Global Macro Director of American financial firm Fidelity Investments, said in a recent interview that the leading cryptocurrency bitcoin He shared his thoughts about it.
of bitcoin Timmer said that as the global adoption rate increases, this situation will also contribute to its price, and that the price of BTC will increase exponentially.
Expressing that there is a similarity between Bitcoin and Apple, one of the largest companies in the world, Timmer argued that with the growth of BTC’s market value, Apple followed the same path.
“I compared the overall network impact for Bitcoin with the network impact of Apple computers. As Apple increases its revenues, its stock price increases exponentially. Bitcoin is following the same path.”
Bitcoin Is Different From Other Cryptocurrencies!
Fidelity director Timmer also said that Bitcoin is a different and separate class from other cryptocurrencies in the market.
“Maybe other digital assets will do better than Bitcoin. Because they are more scalable than BTC but less decentralized compared to BTC.
That’s why I can say that Bitcoin is a store of value like gold. Digital assets other than Bitcoin are more like a venture asset.”
Finally, mentioning that there is a similarity between gold and Bitcoin, Timmer said that BTC is now at the stage where gold lived in the 1970s.
“I think Bitcoin’s gold is in the 1970s position. Gold has turned from being a currency into an asset class. And it went through price discovery.
The price of gold was also very volatile. It also had huge disadvantages, but it grew over time. Bitcoin is now doing the same thing.”
*Not investment advice.