Jurrien Timmer, Fidelity’s Director of Global Macro, has drawn parallels between the growth trajectory of Bitcoin and the historical adoption curve of the internet.
Timmer characterizes Bitcoin’s expansion not as a result of uncontrolled speculative fervor, but rather as occurring through distinct, step-like phases of adoption or acceptance within the market.
Discussing the asset’s market maturity, he highlighted its ambiguous positioning, suggesting Bitcoin has progressed beyond its initial phase and is currently navigating a mid-stage of development within its broader adoption lifecycle.
This perspective frames Bitcoin’s evolution as part of an ongoing adoption process with potential stages akin to transformative technologies like the internet, though with unique market characteristics specific to the digital asset.