One leading financial expert believes that the current situation is as follows: Bitcoin price growth stages Reflecting Google’s expansion in 2017, it indicates that the network has not yet reached its true potential. Expert comparisons show that Bitcoin is a mature digital system that has established its core utility, but there are still steps ahead for greater value capture. His remarks on BTC were Prices are navigating the risk of a sharp downside Increased market volatility
Bitcoin price vs Google price in 2017
Raoul Pal, Founder and CEO of Real Vision highlighted Bitcoin’s current price rise and Google’s early days. In this week’s X post, Pal argued that digital assets clearly follow a network-centric growth model, comparing the sectors: major technology giants It scaled quickly as its user base grew.
The Real Vision founder emphasized that cryptocurrencies behave as follows: Metcalfe’s Law Networks similar to Google, Amazon, and Meta teslaValue scales based on the number of participants rather than traditional financial metrics. He said attempts to value cryptocurrencies using cash flow models overlook the essence of what makes the network valuable.
In his view, the structure of the blockchain ecosystem means its value is tied to usage, adoption and network effects generated by millions of users. This unique framework supports Pal’s beliefs: Bitcoin price rises today reflects Google’s position in 2017. The financial expert backed up his claims with a GOOGL US stock chart showing multi-year growth curves on a logarithmic scale. In 2017, Google already Dominant in areas such as searchHowever, many of the longer-term value drivers, such as cloud and artificial intelligence (AI), are still being developed.
While the Bitcoin network is secure, widely adopted, and increasingly integrated into the global financial system, Pal’s view is that the long-term development of cryptocurrency true potential It’s still a long way from being realized. He added that Ethereum may be in the early stages of its growth curve. This suggests that the second-largest cryptocurrency could follow a longer trajectory. technology and application evolve
The true value of cryptocurrency networks
Pal’s comments about X comparing Bitcoin to Google were made in response to comments by Santiago Roel Santos, founder and CEO of technology-first investment firm Inversion. Santos at first assert The network effects of cryptocurrencies are overstated and often misused to justify valuations similar to those of social networking companies.
Santos suggested that because many cryptocurrencies have failed to demonstrate meaningful value capture, they are more akin to open source software systems like Linux rather than platforms like Facebook, which directly benefit from increased user numbers. Pal challenged this view by arguing that cryptocurrency networks exhibit real and measurable network effects. His entire argument is that user activity and trading volume Supports increasing value of digital networks such as Bitcoin.
Featured image from pngtree, chart from Tradingview.com
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