In the last five years, over one billion people across the globe have become connected to the internet. This rapid adoption is predicted by an Internet and Cryptocurrency Adoption Chart predict two key trends- a growing number of users going online solely through smartphones, or mobile devices in general; and rapidly increasing demand for cryptocurrency as more people invest their money into crypto assets than ever before.
The “bitcoin adoption curve 2021” is a chart that predicts the future of bitcoin. The chart shows that by 2027, there will be 1 billion users of bitcoin.
Lark Davies, a crypto influencer, shared a graph depicting internet and crypto adoption rates. A tight association between the two is revealed by superimposing the corresponding lines, taking into consideration when each began gaining traction.
If current trends continue, one billion crypto users are expected by 2026/27. This is a 5x growth over current estimates of about 200 million cryptocurrency users.
@TheCryptoLark on Twitter.com is the source of this information.
Because crypto is based on the internet, it’s logical to expect a high level of positive correlation. But, as Web3.0 takes off, how do you think the pace of crypto acceptance will change?
The adoption of cryptocurrency is similar to that of the internet.
Willy Woo, an on-chain expert, said in early 2020 that crypto adoption is equivalent to that of the internet. Things start off slowly, but crypto popularity will skyrocket over time.
Human perception tends to absorb information linearly, according to Woo, thus broad crypto acceptance isn’t here yet, nor do the people perceive it occurring.
“Human nature is one that takes a linear approach to things. As a result, we’re not very good at analyzing exponential growth, which is what bitcoin is doing.”
The number of crypto users is now estimated to be in the millions. While Davies estimates 200 million users, or around 2.5 percent of the global population, research undertaken by blockchain solutions business Triple-A estimates 300 million users, or little less than 4% of the global population.
Woo compared the topic of why broad crypto adoption hasn’t happened yet to that of an internet user in 1994 wondering why no one uses the internet. In other words, adoption is now taking place.
What role does Web3.0 play in this?
Web3.0, billed as the next step in the internet’s growth, has a lot to live up to. But, as a hazy concept, what is it actually, and why does it matter in the context of cryptocurrency?
Web3.0 is defined as the potential for consumers and machines to connect over peer-to-peer networks without the usage of third parties, according to a Medium article by VC company Fabric Ventures.
“A composable human-centric & privacy-preserving computing framework for the next wave of the web,” says the author.
In terms of how cryptocurrencies and blockchain technology fit into the situation, the name peer-to-peer is a significant giveaway.
If Web3 takes off, it’s just a matter of time until the internet and blockchain are completely connected. As a result, crypto acceptance will skyrocket, well beyond Woo’s wildest dreams.
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The “bitcoins-curve” is a graph that predicts how many people will use the cryptocurrency bitcoin in 2027. The chart predicts that there will be 1 billion users by 2027.
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