Bitcoin at 1996 Internet Stage — Long Adoption Runway
I view Tom Lee's comment that Bitcoin wallet counts are at a "1996 internet" level as a clear sign we're still in the early adoption phase. Wallet metrics point to low penetration relative to the potential user base.
That suggests a long runway for growth if network effects, infrastructure and regulation evolve favorably. The structural upside is meaningful, but the path will be volatile.
I would treat current conditions as an opportunity to build long-term exposure while keeping disciplined position sizing and risk controls.
Analysis
Wallet adoption resembling early internet usage implies low current penetration and large potential market expansion; returns depend on adoption speed, regulatory outcomes and macro volatility.
Recommendation
Consider buying Bitcoin for a multi-year horizon and average in on weakness; maintain risk controls and focus on long-term adoption rather than short-term swings.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.