Derived from BitJie, analyst Raoul Pal compares Bitcoin's development to Google in 2017, suggesting its network potential is far from fully realized. He notes that while Bitcoin's adoption is accelerating, its full value remains untapped, similar to Google's early dominance in search and digital advertising. Ethereum, according to Pal, is at an even earlier stage, implying greater upside potential. Pal argues that the value of cryptocurrencies, like Google or Meta, is driven by network effects rather than traditional financial metrics.
Raoul Pal Compares Bitcoin to '2017 Google' in Network Growth
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