Timmer highlighted Bitcoin's unique position in the market, compared its growth trajectory to exponential adoption curves of technologies like the internet, emphasizing scarcity and acceptance as digital asset for long-term value.
Timmer noted Bitcoin's network growth and adoption rate are crucial for valuation, highlighting accelerating adoption supporting the narrative of Bitcoin becoming a significant future store of value.
Timmer described Bitcoin's network growth following a power curve, its price oscillating like a pendulum around it, indicative of Bitcoin's distinct boom-bust cycles.
Timmer observed the recent slowing of Bitcoin's network growth despite price gains, suggesting a necessary acceleration to maintain potential new highs, underscoring the correlation between adoption and price.
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