- Jurrien Timmer, a Fidelity Investments executive, called Bitcoin “exponential gold.”
- The executive said Bitcoin could be a “high-powered” hedge against monetary “shenanigans.”
- Jurrien, earlier in 2021, predicted Bitcoin would gain more market shares against gold and reach $100K in 2023.
Jurrien Timmer, director of Global Macro at financial services company Fidelity Investments, in a recent post, hailed Bitcoin as “exponential gold,” alluding to the digital asset’s potential to add significant value over time.
Indeed, the executive tweeted that “Bitcoin’s scarcity and adoption curve creates the potential for it to be a high-powered hedge against monetary shenanigans.” While noting several S-curves throughout history, Jurrien said Bitcoin’s adoption curve followed a similar pattern.
According to the executive, Bitcoin’s adoption curve in 2021 was very steep, resembling the S-curve for mobile phones during the 1980s and 1990s. It “was promising,” he said. However, he stated that following the crypto winter, the adoption curve has flattened out.
Furthermore, Jurrien said Bitcoin adoption is now closer to the internet adopti…
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