Jurrien Timmer, global macro director at Fidelity Investments, said that Bitcoin (BTC) follows a similar growth path as Apple and that its price will rise as its adoption rate increases.
Timmerthe famous Bitcoin postcasd publisher Preston Pysh with February 10 The world’s largest company in terms of market capitalization of Bitcoin (BTC), in an interview on Youtube. apple with same growth path He said he was watching.
In the interview, he also said that the adoption of Bitcoin by more people will have a positive effect on the price, making it rise. Timmer;
As Apple’s revenues increase, the price of the stock rises exponentially. Bitcoin is following a similar path. So I think there is sound logic as to why Bitcoin should see higher values as the demand curve evolves.
said.
Saying that Bitcoin is in a unique asset class unlike other crypto assets, the global macro director of Fidelity;
Maybe other digital assets will outperform. Because they are more scalable than Bitcoin, but they are also less decentralized. That’s why I think bitcoin is a store of value or asset class like gold. The rest of the digital assets look more like a venture asset.
made statements.
Timmer is also currently involved in bitcoin’s 1970s era. of gold He stated that he was in a similar position to his situation.
I think Bitcoin is now in the position where gold was in the 1970s. Gold has turned from being a currency into an asset class. It was extremely volatile and overvalued, but it also had huge downsides. Bitcoin is currently following a similar path.