🚨🚨 NEWS 🚨🚨

Fidelity's Director of Global Macro Jurrien Timmer has provided a critical perspective on Bitcoin's trajectory, analyzing it through the lens of network growth and scarcity features.

Timmer points to the foundational principle that Bitcoin's value is closely correlated with the expansion of its network — a concept reflected in Metcalfe's Law, which posits that the value of a network is proportional to the square of the number of its users.

The adoption curve for Bitcoin supports this theory, showcasing a consistent power-law distribution over time. This suggests not just growth, but a predictable, sustained increase that closely mirrors the S-curve typical of new technology adoption.