Leading financial experts believe that the current situation is: Bitcoin price growth stages This reflects Google's expansion in 2017 and suggests the network has yet to reach its true potential. Expert comparisons place Bitcoin as a mature digital system that has established its core utility, with greater stages of value capture still ahead. His comments regarding BTC come at a time when BTC is in the spotlight. Prices are overcoming sharp downside risk Increased market volatility
Comparison of Bitcoin price and Google in 2017
Raul Pal, founder and CEO of Real Vision, said: highlighted The current price increase of Bitcoin, Google's early days. In this week's X post, Pal argued that digital assets clearly follow a network-driven growth model and compared the sector: major technology giant It expanded rapidly as its user base grew.
The founder of Real Vision emphasized that cryptocurrencies work as follows. metcalfe's law Networks like Google, Amazon, Meta, etc. teslathe value changes depending on the number of participants rather than traditional financial metrics. He said attempts to value cryptocurrencies using cash flow models miss the essence of what makes the network valuable.
In his view, the structure of the blockchain ecosystem means that its value is tied to usage, adoption, and network effects created by millions of users. This unique framework supports Pal's beliefs. Bitcoin price rise today This reflects Google's position in 2017. Financial experts backed up his argument with GOOGL US stock charts showing multi-year growth curves on a logarithmic scale. During 2017, Google already Dominant in areas such as searchHowever, many long-term value drivers, such as cloud and artificial intelligence (AI), are still evolving.
Although 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 cryptocurrencies and real possibility This is still a long way from being realized. He added that Ethereum's growth curve may be even earlier, suggesting that the second-largest cryptocurrency could be on an even longer trajectory. Technology and applications evolution.
The true value of crypto networks
Pal's comments on X comparing Bitcoin to Google were made in response to remarks by Santiago Roel Santos, founder and CEO of Inversion, a technology-first investment firm. Originally Santos claimed The network effects of cryptocurrencies are often exaggerated and exploited to justify valuations similar to those of social networking companies.
Santos suggested that because many cryptocurrencies have not demonstrated meaningful value capture, they are more akin to open source software systems like Linux than platforms like Facebook that directly benefit from increased user numbers. Pal disputed this view, arguing that crypto networks exhibit real and measurable network effects. His entire discussion is based on user activity and trading volume We support the growing value of digital networks like Bitcoin.
Featured image from Pngtree, Chart from Tradingview.com
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