Raoul Pal, a prominent analyst, has drawn parallels between Bitcoin's current development and Google's status in 2017, highlighting the cryptocurrency's untapped network potential. Pal suggests that while Bitcoin's adoption is on the rise, its full value is yet to be realized, akin to Google's early dominance in search and digital advertising. He also points out that Ethereum is at an even earlier stage of growth, indicating a potentially greater upside. Pal emphasizes that the value of cryptocurrencies is driven by network effects, similar to tech giants like Google and Meta, rather than traditional financial metrics.