Bitcoin (BTC) adoption may occur faster than adoption of other historical technologies such as automobiles and electric power, with global Bitcoin adoption likely to reach 10% by 2030.
in the reportOn June 8, Blockware Intelligence said its forecast examined historical adoption curves for nine past technologies, including automobiles, electric power, smartphones, the Internet and social media. Along with the growth rate of Bitcoin adoption since 2009
“All of these technologies follow a similar exponential S-curve model, but […] Newer network-based technologies are still being adopted much earlier than market expectations.”
Using historical averages and adoption curves, as well as the rate of Bitcoin adoption in the report, it can be predicted based on a metric known as the Cumulative Sum of Net Entities Growth (CAGR). “With a CAGR of 60%, we predict global Bitcoin adoption will hit 10% in 2030.”
Blockware Intelligence is the research arm of Blockware Solutions, a Bitcoin mining and blockchain infrastructure company. Therefore, you might expect that this implementation will be promising.
However, Bitcoin adoption will saturate faster than other technologies by gainingdirect financial incentivesTo be applied , the current macro environment , and because adoption growth is being accelerated by the Internet.
“From a consumer perspective The technology of the past had motivations related to ease/efficiency of adoption: using a car allows you to move past horses and carriages, using a cell phone allows you to make calls without being tied to your phone. basics,” the report explains.
“By direct financially motivated adoption of Bitcoin, game theory has emerged that everyone’s best response is Bitcoin acceptance.”
“If you’re the only Twitter user, is it worth anything? No, but more users will make these technologies more valuable.”
However, the authors of the Blockware report emphasize that the models used to predict adoption rates are just ideas. It is not intended to serve as investment advice or as a short-term trading tool. and will continue to be so
The reports and models have been reviewed by various crypto investors and analysts. including executives from Ark Invest, Arcane Assets, AMDAX Asset Management and M31 Capital.
Cryptocurrency Acceptance Cryptocurrency has grown rapidly over the past few years. In 2021, the global crypto ownership rate reaches 3.9%, with more than 300 million crypto users worldwide, according to data gateway TripleA. Global Cryptocurrency Payments