The days of its early adoption is gone, the days it was struggling to recover, the days it has to wait an entire year to bleed out ( weak hand) sellers through 2017 bear market. The days that one needed to trade and %10 increased usually made the headlines and becomes a headache to the China.
There are so many obstacles that Bitcoin has faced in the past and that's why we shouldn't be move by the small news anytime they tried to disrupt decentralization. It has come to stay and will be here till forever.
Topic: "Crypto is no longer in the early adoption stage" - page 7. (Read 885 times)
A guess game really. To understand if it is still in the early adoption, you would first need to figure out what it a reasonable addressable market expectation, whether you would define such market in number of users or in transactions. My take is that not everyone will have a btc account and that it could even be that only 15% of the people will ever use bitcoin in which case you could argue that we are not on the early adoption. However that is just a guess, as we do not really know how the fully developed market would look like.
“I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries.
“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries.
So, double digits in all the countries in the world would mean we have at least 700 million bitcoin users.
This although the blockchain has just 600 million registered transactions in all its history and there are only 38 million addresses with a balance, including the 7 million with under 1$ worth of bitcoin.
All this with 260k confirmed transactions a day that would mean each bitcoin user would make 1 transaction every 2692 days.
Oh let's just throw there on top of this and add some other shitcoins too, it's still well below one transaction per year per person!
Yeah, seems legit! /s
We're nowhere near the moment of going mainstream in real adoption and usage, we're going mainstream in news and hype and rumors and intrigues and dramas and all other useless stuff. We're a long way from seeing even 3% of the world actively using and adopting crypto, not even mentioning bitcoin alone.
This seems more like an article telling people to buy now or it's too late than an actual claim based on numbers.
Ah, one man's opinion. The 12 years that bitcoin has been around might seem like a long time, especially for people in their 30s or younger, but in the grand scheme of things it really isn't. Personally, most people I know in the real world don't invest in or use bitcoin for anything at all, which leads me to believe that adoption isn't as advanced as the article would have us believe.
True, progress has been made in the past couple of years at a rate that probably exceeded the previous 10 years combined, but I still think of bitcoin (and crypto in general) as a new asset class and something that hasn't had all the kinks worked out of it yet. Plus with all of this regulation and attention from governments, who knows what the crypto space is going to look like 10 years from now. It could be pretty bleak, though I'm hoping it doesn't turn out that way.
True, progress has been made in the past couple of years at a rate that probably exceeded the previous 10 years combined, but I still think of bitcoin (and crypto in general) as a new asset class and something that hasn't had all the kinks worked out of it yet. Plus with all of this regulation and attention from governments, who knows what the crypto space is going to look like 10 years from now. It could be pretty bleak, though I'm hoping it doesn't turn out that way.
I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
I think Stonberg should have said the crypto market has passed the stage of early adoption, not cryptocurrency because there is some innovative crypto project which is yet to be introduced or created.Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries.
If we calculate the total number of the world population and the number of crypto users/investors, I don't think we should say crypto has gone mainstream. Besides, there's no genuine plan or wallet created for the elders and blind crypto enthusiast We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
It is good that countries like El Salvador make this decision.Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.
Thanks to the pandemic that shows the world the potentials of Bitcoin and Kiyosaki for wooing institutions that crypto is the best alternative.
The cryptocurrency industry started with the launch of Bitcoin in 2009 and then flourished in the following years with various assets and blockchain-based solutions. According to Stephen Stonberg, CEO of Bittrex Global, this is no longer in its infancy.
“I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.
Source: https://cointelegraph.com/news/crypto-is-no-longer-in-the-early-adoption-stage-bittrex-global-ceo-says
“I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.
Source: https://cointelegraph.com/news/crypto-is-no-longer-in-the-early-adoption-stage-bittrex-global-ceo-says
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