How Bitcoin Adoption Rate Is Beating The Internet

Bitcoin has been growing its user base exponentially since its inception. As Bitcoinist previously reported, the BTC adoption rate has even surpassed that of the internet. Former Google employee Michael Levin has made a two-part investigation on the topic. The first one explains how Bitcoin actually has two adoption curves, one for the network and […]

Bitcoin, like the internet and social media, benefits from “network effects”, where more adoption spurs higher value and incentive for additional take-up, says Blockware Intelligence. The adoption of Bitcoin (BTC) could occur more rapidly than the adoption of past disruptive technologies such as automobiles and electric power, with global take-up likely to hit 10% by 2030 according to a new report.In its June 8 report, Blockware Intelligence said it arrived at this forecast by examining historical adoption curves for nine past disruptive technologies, including automobiles, electric power,....

Bitcoin adoption around the world is a patient process, as one of the factors involved in the currency’s success relies on internet connectivity. The Western world has gotten accustomed to having the internet at their disposal wherever they go, but things are vastly different in areas such as Africa, South America and parts of Asia. Facebook wants to....

The adoption curve of crypto is believed to be in its early stages, and Wells Fargo data shows its close similarities with the early stages of internet adoption back in 1990, giving a glimpse of how crypto could become a part of everyone’s lives as it reaches the mainstream. In a Brief History of The Internet, internetsociety.org notes that “The Internet has revolutionized the computer and communications world like nothing before.” If crypto is the next revolution and many industries are already jumping in (finance, music, fashion, gaming, social media, etc), what will....

Connecting people goes well beyond any Internet capabilities that might be available at any given time. Several countries around the world see a growth in the number of mobile devices, although not all of these mobiles can connect to the Internet. Companies such as WeFarm are bringing Internet-esque services to the unconnected, by relying on SMS technology. Projects like these open up a lot of opportunities for Bitcoin education and adoption as well. Farming has the outlook of a business model that is about to die out soon, although the numbers will tell a different story. According to....