'Bitcoin is Exponential Gold', Says Fidelity's Director Of Global Macro

Jurrien Timmer, Fidelity’s Director of Global Macro, recently made a notable statement about Bitcoin, describing it as 'exponential gold' and an emerging player on the 'store of value' team. Timmer's comments were shared through a series of posts, where he elaborated on Bitcoin's evolving role in the financial ecosystem. In my view, bitcoin is exponential gold and an aspiring player on the store of value team.

He noted that while Bitcoin is still in its early stages compared to traditional assets, its adoption is accelerating at an exponential rate, supporting the thesis that Bitcoin could become a significant store of value in the future. 'The chart below shows Bitcoin’s growing network along a simple power curve. The number of non-zero addresses has converged towards this power curve, with Bitcoin’s price oscillating around it like a pendulum,' he said.

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