Fidelity’s Jurrien Timmer Compares Bitcoin’s Growth to Internet Adoption Curve, Highlighting Mid-Stage Market Maturity

On July 18, Jurrien Timmer, Fidelity’s global macro director, highlighted a compelling comparison between Bitcoin’s growth and the historical adoption pattern of the internet, as reported by Cointelegraph. Timmer emphasized that Bitcoin continues to follow a power law trajectory in terms of wallet adoption and demand, mirroring internet penetration trends over recent decades. According to his analysis, the cryptocurrency remains in the intermediate phase of its adoption curve, indicating ongoing maturation rather than market saturation.

The current price behavior of Bitcoin, characterized by periodic step-like advances and consolidation phases, underscores its status as an evolving asset class. This pattern suggests a gradual institutional and retail acceptance rather than speculative excess. Timmer also noted the ambiguity surrounding the origin of recent capital inflows, which could stem from either long-term investors or short-term market participants, reflecting a nuanced market dynamic.