Jurrien Timmer, the Director of Global Macro at investment giant Fidelity has said despite Bitcoin’s recent lows and highs, the cryptocurrency has a similar growth path to Apple.
Through his Twitter account, Timmer stated that the focus should be on Bitcoin’s network and not the price, while stressing that the recent criticism was ‘mostly noise.’
“Bitcoin has been in a choppy trading range for almost a year now, bouncing between 30k and 65k. The up-or-down debate continues to be a favorite hobby for many, but it’s mostly noise. For Bitcoin, the network is what matters,” said Timmer.