Topic: ㅤ (Read 186 times)

~
So, it doesn't matter how much of it is fake or not, as long as it goes up or down, you know there is an interest to it. The adoption could be a lot more faster than this if we could just use our crypto instead of needing to cash it out, so when that happens you will see volume dropping and yet adoption going up as well.

There was a period where fake volume was a big thing, but I do not think that it is as big as it used to be. Plus even if fake, we can see the ups and downs as well, we could have maybe 2 billion real and 10 billion fake, but when it is 1 billion real 5 billion fake you know it went low, or when it is 4 billion real and 15 billion fake it went up.

The new phase of the crypto adoption was taken place now.The crypto investment was became a important after the war sequence.Most the transaction was now in Ukraine was crypto.

Wells Fargo recently released a report on the future of crypto adoption. Analysts believe that cryptocurrencies are now close to the hyper-adoption phase.


The crypto industry is relatively young and is at the very beginning of its development. And if you look at other disruptive technologies, then cryptocurrencies have not yet reached the point after which there is a phase of explosive widespread adoption. Those who say that it is too late to enter the crypto industry are greatly mistaken. We are still at the very beginning of the journey.

If you look at the share of cryptocurrency capitalization among other assets, you can see that this is a very young industry with a very small (relative to other assets) capitalization:

Crypto adoption in its development resembles Internet adoption. If in the early stages less than 1% of the population used the Internet, now almost 5 billion people use the Internet. Cryptocurrencies are now used by only 3% of the population.

---

Cryptocurrencies are only 13 years old, and during this time this industry has managed to get close to a capitalization of $3 trillion. Moreover, the bulk of this amount was attracted to the industry over the past 2-3 years. Just like the main crypto adoption, namely the adoption of cryptocurrencies as a means of payment, the surge of p2p trading, the use of cryptocurrencies as financial instruments by large investors and institutions. All this has also happened in these last 2-3 years. I do not know what scale this industry can reach in the next 10-13 years, but I think that it will be several orders of magnitude larger than what we have now.

-snip

Bitcoin will never become a global reserve currency.A global reserve currency is always backed by military force.
First,it was the British pound,when the British empire dominated the world.USA took over the place as the global superpower and the US dollar is the global reserve currency.Bitcoin isn't supported by any global superpower and it never will be.

2.Bitcoin is NOT "non-sanctionable".Bitcoin trading and mining can be banned by any country in the world(or by all big countries altogether). I know that a part of the miners and Bitcoin users will survive such ban,but the BTC price would most likely go back to the 2010-2012 levels of a few dollars per BTC.

Well, it is not that clear.

Ofc crypto is young but being young helps it to develop much faster. We can already see crypto on traditional exchanges and crypto exchange volumes are at high values. So when can we say that we have passed this early stage?

In order to achieve a rate of 50% ownership of cars for example you need time to actually build those, and no manufacturer in the world will create factories cable of making enough cars in a year to cover all the population, it's simply not economically feasible. Same for the internet, first you need a computer, which was not that affordable in the first place then internet itself was pretty pricy in the begging. It takes one block for thousands of poeple to transfer and get their first coin for BTC alone and this does not include custodial wallet transfers, cars are not that easy to make and they do break down and need replacement.

But I do come to the same conclusion as Ratimov, we're still in the very early beginning, I don't believe even those claims of 10-20% of the population actively using crypto at the moment, still a long way to go.

But I do come to the same conclusion as Ratimov, we're still in the very early beginning, I don't believe even those claims of 10-20% of the population actively using crypto at the moment, still a long way to go.

Just imho, but most of this data means pretty much nothing.

Electricity, automobile, internet etc. adoption are different just because these are different things. They were invented in different time, used for different purposes and have a different value for economy (even now crypto worth almost nothing for global economy while things like electricity were a breakthrough).

Therefore, if the demand for these currencies increases, the 10 trillion barrier that was for gold will be small for Bitcoin, especially if it succeeds in Earn confidence as a non-sanctionable reserve currency.

To compare is to find similarities and differences, from what you say it seems that nothing can be compared.

Just imho, but most of this data means pretty much nothing.

Electricity, automobile, internet etc. adoption are different just because these are different things. They were invented in different time, used for different purposes and have a different value for economy (even now crypto worth almost nothing for global economy while things like electricity were a breakthrough).

I also don't like the comparison of stocks, bonds and crypto. It just feels wrong to compare bonds mc (which is almost a pure money) with stock / crypto mc that change every second.

Internet usage history vs crypto users chart is just funny. This is a comparison of absolutely different things that even existed in different time.