The rate of Bitcoin adoption has been slowed down since last year when two countries made Bitcoin a legal currency within their jurisdictions and also mandated all payment and financial institutions to make Bitcoin a payment option within the agencies.
The major constraints to Bitcoin global adoption!
Bitcoin has gained global adoption and penetration reaching even the unbanked and poorer regions without the presence of modern technologies and facilities, but with just the Internet Bitcoin can reach them and onboard them into the global financial system.
But despite this, there have been limitations as to how far-reaching Bitcoin should have gotten and this limitation is traced to the presence of so many altcoins that seek to undermine the relevance factors that Bitcoin presents to gain global attention we have thousands of cryptocurrencies in the market and all of them are just copy cat of Bitcoin to gain popularity and also cashing out on the gullible minds.
If only Bitcoin exist as the sole digital currency the speed of adoption will be made faster and there will be less distraction in the entire crypto space and less bad image that are resulting from the operation of so many altcoins scams giving the entire young growing cryptocurrency industry bad spot on the limelight.
BITCOIN: should be pushed to the global limelight with verifiable track records.
Check the Bitcoin adoption rate in various countries and regions.
https://triple-a.io/win-new-customers-insights-into-cryptocurrency-adoption-across-europe-and-america/
