Bitcoin is \'Exponential Gold\' and a Potential Member of the Store of Value Team, Says Fidelity\'s Jurrien Timmer

Jurrien Timmer, Fidelity's Director of Global Macro, recently issued a noteworthy statement regarding Bitcoin, characterizing it as "exponential gold" and an emerging participant on the "store of value" team.

Jurrien Timmer, the Director of Global Macro at Fidelity, recently made a statement regarding Bitcoin, describing it as “exponential gold” and a potential member of the “store of value” team. In a series of posts, Timmer discussed the evolving role of Bitcoin in the financial ecosystem.

Highlighting Bitcoin’s unique position in the market and contrasting its adoption trajectory with the exponential patterns observed in technologies like the internet and mobile phones, Timmer suggested that Bitcoin is emerging as a long-term store of value, akin to gold, due to its scarcity and growing acceptance as a digital asset.

Throughout his posts, Timmer emphasized the importance of a company’s adoption rate and network growth in determining its valuation. Observing that Bitcoin’s adoption is still nascent in comparison to traditional assets, despite its exponential growth, Timmer’s analysis points toward the potential for Bitcoin to serve as a major store of value in the future.

This endorsement by Timmer aligns with a broader trend among institutional investors who are recognizing the potential of Bitcoin. His perspective further cements the increasing legitimacy of Bitcoin in the financial sector, suggesting that it could be a key component in future investment strategies.

Concluding his posts, Timmer noted that while the price of Bitcoin has continued to rise, the network’s growth has stalled in recent months. “I suspect the divergence between price and adoption may be why Bitcoin’s advance toward prospective new all-time highs has slowed a bit. The pendulum swing is limited. Network will likely need to accelerate again for new highs to be sustained.”

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-exponential-gold-potential-store-team-fidelity-jurrien-timmer.html

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