According to Dan Held, Satoshi designed Bitcoin with a built-in viral loop where user growth can increase BTC’s value and attract more users, reinforcing adoption-driven price dynamics, source: Dan Held on X (Aug 14, 2025); Satoshi Nakamoto on the P2P Foundation forum Q&A (Feb 11, 2009). For trading, monitor adoption proxies such as daily active addresses, new addresses, and transaction counts as gauges of network demand, source: Glassnode Academy metrics documentation; Coin Metrics Network Data documentation. Research using Metcalfe-style models links Bitcoin’s network value to user growth, supporting the focus on user-derived signals, source: Wheatley, Sornette et al., Swiss Finance Institute Research Paper No. 18-22 (2018). Traders can incorporate this by tracking sustained uptrends and rate-of-change in user metrics alongside price and liquidity to confirm trend strength rather than chase short-lived spikes, source: Glassnode Insights educational materials; Coin Metrics research notes.