Crypto mainstream adoption: Is it here already? Experts Answer, Part 1
What does mass adoption mean for the blockchain industry? Has it started yet? If not, what could get it going? Yat Siu of Animoca BrandsYat is the executive chairman and co-founder of Animoca Brands, which delivers digital property rights to the world’s gamers and internet users, thereby creating a new asset class, play-to-earn economies and a more equitable digital framework contributing to the building of the open Metaverse.“Although we are still at a relatively early stage of the blockchain adoption curve, we are well on the way to reaching the early majority category sometime in 2022.....
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Bitcoin has been around for about 7 years now and its adoption is gradually picking up. But when we say that bitcoin adoption is picking up and lot of people are using it to make payments etc., we are actually referring to only a fraction of total world's population. We have been reading about forecasts that say "bitcoin is going mainstream", but how can we call that "going mainstream" when bitcoin adoption is less than a meagre 1 percent. READ MORE: Bitcoin Community to Hit 5 Million Mark by 2019. Is bitcoin ever going to be mainstream? Banks incorporating bitcoin technology for their....
Here’s what crypto and blockchain industry experts think about Tesla’s recent $1.5 billion investment into Bitcoin. While 2020 was a significant year for Bitcoin (BTC), the just-begun year of 2021 is already full of great surprises. On Feb. 8, Bitcoin’s price jumped by almost $3,000 in minutes, then it surged 20% in 24 hours — all due to the news of Elon Musk’s Tesla allocating $1.5 billion of its balance sheet to BTC. The same week, the oldest bank in the United States, Bank of New York Mellon, announced plans to hold, transfer and issue Bitcoin. Mastercard is also planning to support....
What does mass adoption mean for the blockchain industry? Has it started yet? If not, what could get it going? Yaniv Tal of The GraphYaniv is the co-founder and CEO of Edge & Node and a co-founder of The Graph, a decentralized indexing protocol used by blockchains such as Ethereum.Mass awareness of crypto and Web3 has already started. Celebrities, mainstream media and even the U.S. government are all talking about crypto. The next stage is for usage to exceed speculation, which we see coming very soon. As the Web3 stack solidifies, better applications will become possible with network....
What does mass adoption mean for the blockchain industry? Has it started yet? If not, what could get it going? Tim Draper of Draper Associates and Draper Fisher JurvetsonTim is a pioneer of business ventures in the United States and a co-founder of Draper Fisher Jurvetson, a leading investment firm in early-stage tech startups.“I think anyone with a young brain already has a wallet. The rest will follow. The same thing happened with internet adoption.”These quotes have been edited and condensed. The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily....
The mainstream media has played an important role in Bitcoin adoption. It has made the cryptocurrency famous while making people think twice before using it. Bitcoin has had its share of bad press, which it continues to attract. The core proposition of Bitcoin has always been about the democratization of financial system and financial independence, free from the influence of banks and governments. But, it took a “Silk Road” to make it popular or infamous, depending on whom one asks. Mainstream media has the habit of chasing one controversy after another. In their hunt for steamy, clickbait....