While the word “boring” may sound bad to investors who are used to these characteristics, Director of Global Macro at Fidelity, Jurrien Timmer, explains why this could inherently be a good thing for the digital asset.
In his recent Twitter thread, Timmer explained that a “boring” bitcoin is important if institutional adoption is to be expected.
The Director explained that instead of continuing to track the S2F model, BTC had instead started to follow the pink line which marked demand in the chart shared.
As more understanding comes, the investors who are purchasing the asset move from simply a price standpoint and move towards more efficient accumulation.
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