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Fidelity Macro Strategist Says Ethereum Sitting At Massive Discount Compared To Bitcoin – Here’s Why

That says Jurrien Timmer, macro strategist at the financial giant Fidelity Ethereum is currently compared to Bitcoin a bargain.
In a thread to his 75,000 Twitter followers, Timmer says that Metcalfe’s law, which says that as the number of users on the network increase, will take Bitcoin to new heights despite recent troubled price movements of BTC.

The analyst says that looking at the number of users of Bitcoin is a more accurate way of predicting its price than the stock-to-flow (S2F) model popularized by quantitative analyst Plan B.

“We tend to pay attention to the price, but for me the rating is the more relevant metric. Here we see the price-to-network ratio of Bitcoin. Bitcoin’s fundamentals explain many of its meteoric gains. Metcalfe’s Law at Work. It’s not just about S2F. “
Source: Jurrien Timmer / Twitter
Timmer says that while Bitcoin’s network is growing steadily, Ethereum’s network of ETH (ETH) is growing rapidly. According to strategist Ethereum, ETH’s faster growth rate may not yet be reflected in ETH’s rating. He says ETH may be trading at a significant discount, possibly because BTC is still valued for its scarce tokenomics.

“If you compare the valuation of BTC with the ETH, we see a big discount for the ETH, presumably because of investors BTC reward for their superior scarcity dynamic. It will be interesting to see in 2022 whether ETH will continue to catch up with BTC. “
Fidelity Macro Strategist Says Ethereum Sitting At Massive Discount Compared To Bitcoin – Here’s Why, Crypto Trading NewsSource: Jurrien Timmer / Twitter
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Source: Crypto News Deutsch

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