Topic: Crypto still firmly in 1996 internet adoption levels (Read 170 times)
Although I don't think the line for cryptocurrencies is correct, imo this is a very nice notice overall. Indeed Bitcoin is still in its early days. There are around 20 million bitcoin users in the world today and since there are more than 3 billion people using Internet we can see that potential for Bitcoin adoption is huge. Maybe not all the 3 billion will be using Bitcoin, but even with 1 billion users the price can rise 20-50 times from where it is now because of the 50 times rise in the demand.
Give it some time, considering that almost 8 years have passed since bitcoin creation till the moment it took its presence in the mainstream media, further adoption will gradually progress. I don't know at what exact rate but one thing is certain, day by day new people are discovering what it is all about. What kind of advantage it gives and what kind of power is given back, one more time in to their hands.
1996 may be a little exaggerated, to me it looks more like 2000's. Still young and confused, with bright future ahead.
1996 may be a little exaggerated, to me it looks more like 2000's. Still young and confused, with bright future ahead.
Yes, it is still early for crypto we are far away from mass adoption but I firmly believe this is the future of our world financial system
Taking a look at the internet usage according to Internet World Stats, and comparing them to the number of $BTC wallets we see a huge gap. This puts it into perspective where this market is, why its susceptible to volatility and fraud, and how much potential it has to grow. It is still early days.
Note: BTC wallets was used as it is the largest number of wallets. There are many abandoned wallets, and overlap of people that do not have BTC but other wallets. Yet, given the small overall number, and the very large size for BTC, this is accepted as a general indicator of the number of wallets in existence.
Full tweet: https://twitter.com/Obj_Cloud_Labs/status/971127092720078849
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