Jurrien Timmer of Fidelity Investments remains optimistic about the resilience of the Bitcoin network, and another commentator notes that a risk-to-reward ratio of $20,000 is “compelling.”
One analyst claims that Bitcoin (BTC) has not been this inexpensive since it cost $1,130 because BTC has a “compelling” risk/reward ratio.
On July 7, Jurrien Timmer, director of global macro at asset manager Fidelity Investments, merely called $20,000 worth of Bitcoin “cheap” in a Twitter thread. When it comes to Bitcoin’s growth despite the current bear market, the price-to-network ratio is not the only positive indicator.
Timmer added that the adoption of bitcoin still reflects the development of the internet and that the growth cycles of the bitcoin network “appears to be intact.” The price-to-network ratio is even worse when it comes to
