Raoul Pal: Bitcoin Is '2017 Google' in Network Growth
Analysis
Price Impact
HighRaoul pal's analogy of bitcoin being at '2017 google' stage implies massive future growth potential driven by network effects, which is a strong long-term bullish signal for the entire crypto market, particularly btc and eth.
Trustworthiness
HighRaoul pal is a highly respected macro investor and crypto advocate known for his in-depth analysis and track record. his insights are well-regarded in the financial community.
Price Direction
BullishPal's argument that bitcoin and ethereum's value is primarily driven by network adoption, following metcalfe's law, suggests significant price appreciation as adoption accelerates. the '2017 google' comparison indicates substantial upside potential is yet to be realized for both assets.
Time Effect
LongThe comparison to google's growth trajectory and the emphasis on ongoing network adoption suggests a multi-year, long-term process for the full value potential to unfold, not a short-term price movement.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Analyst Raoul Pal believes that the cryptocurrency industry is around "2017 Google" for Bitcoin and even earlier for Ethereum (ETH). Advertisement In 2017, Google (Alphabet) had already proven its dominance in search and digital advertising, but its full network potential was far from fully realized (cloud, AI, and so on). Pal has implied that Bitcoin in 2025 is at a similar stage: the network is strong, adoption is accelerating, but the total potential is not yet fully captured. HOT Stories Crypto Market Prediction: Can Bitcoin Break $90,000 on Recovery March? Shiba Inu (SHIB) Fresh Rally Starts, Is XRP Building Bullish Momentum? Coinbase's Armstrong Angers Bitcoin Maximalists by Praising Ethereum's Buterin Shiba Inu (SHIB) Price to Remove Zero, XRP on Edge of 30% Breakout, Bitcoin (BTC) Prints Insane 36,380% Liquidation Imbalance – Crypto News Digest Morning Crypto Report: Is It Too Late to Buy Shiba Inu (SHIB)? Elon Musk's SpaceX Resumes Strange Bitcoin Activity, $1,000,000,000 Ripple Stablecoin Gains Traction in UAE Ethereum is even earlier in its lifecycle, meaning its network adoption and utility are less mature than Bitcoin’s. Hence, the "upside potential" is even greater. Advertisement "If it looks like a duck…" According to Raoul Pal, Bitcoin and Ethereum behave like networked platforms. Just as Google, Meta, or Amazon generate value largely from the scale and interaction of their users, crypto’s value comes from its network effects. "If it looks like a duck, quacks like a duck, it is probably a duck…" Pal said. Metcalfe’s Law states that the value of a network grows roughly with the square of the number of users. Pal argues that the primary driver of crypto value isn’t cash flow or profits, but adoption. Hence, the more people use Bitcoin or Ethereum, the more valuable the network becomes. Bitcoin has limited intrinsic cash flows (no company issuing dividends), but the network itself becomes exponentially more valuable depending on how many people adopt it as money, a store of value, or collateral. The aforementioned companies are also network-driven. For Google, the value comes from its ecosystem of users, advertisers, and data. With Meta, the network effects stem from social media users. The point is that these are platforms where the scale of the network drives the bulk of the value, not just profits or traditional balance sheets Crypto fits this model "almost by definition", so treating it like a traditional cash-flow business misses the core driver of value, according to Pal. #Bitcoin News #Google #Raoul Pal