Today we'll be talking about the exponential nature of Bitcoin adoption, as is the case with other forms of technology.
With around 1% of the world having already adopted Bitcoin and/or other cryptocurrencies, and estimates that Bitcoin adoption approximately doubles each year, it would take just 6 years for more than half of the planet to adopt cryptocurrencies. Pretty incredible, huh?
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If global unrest start to accelerate due to the irresponsible money printing and debt bubbles, there is no way adoption does not increase along with price!
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I think the only way I can see this happening is if people end up using BTC without actually knowing about it, through btc being what a new national currency is backed by for example. Or prehaps national ID being validated by blockchain. I guess a pension fund buying in would mean technically everyone in the fund had some exposure so if we consider things like that it sounds more plausable.
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Amazing fact. If this thing happened truly then John Macfee may win his bet.
Secondly, 50% means more than 5 billion people will be using bitcoin in 2025. At 1% usage we gain a price of 10-12K$ and at 50% might be 0.7M$ per bitcoin....Shocking
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Hello @louisthomas, how are you doing? Indeed, nowadays other bitcoin and cryptocurency are growing very rapidly. This is because the transaction process is more efficient than using an ordinary bank. Have a nice day, sir.
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I’m thinking 10+ years... we the early birds 😂
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At 1% global adoption, that's saying that 75 million people have some crypto. I thought the number was closer to about 30 million. May have to add an extra year to reach 50% adoption.
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Bitcoin is also doubling in value every year.
Let's remember that Bitcoin is only worth $5000 right now.
In ten years it will be 5 million.
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Historical raise of the value and adoption doesn't necessarily mean future continuation of the trend. My thoughts are that it might take a bit longer than you are predicting. A cataclysm in the world's economy might trigger a huge gains for bitcoin. And by my opinion this is what will boost adoption of bitcoin in the future.
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This is really true looking at the current trend that bitcoin is moving by 2025 as you you have illustrated maybe it will be higher than that.
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