A logistic graph of European smartphone adoption, as an analogy for bitcoin adoption
When I began fitting a logistic model to bitcoin prices, I understood that adoption by speculators can occur much faster, i.e. steeper slope, than is the case for adoption of bitcoin as replacement of, and enhancement of, currency for transactions.
May be interesting to compare to smartphone adoption s-curve and the total population. Slope is likely to be similar from a technology adoption perspective. If you assume all fiat replaced then not sure 1M is enough.
When I began fitting a logistic model to bitcoin prices, I understood that adoption by speculators can occur much faster, i.e. steeper slope, than is the case for adoption of bitcoin as replacement of, and enhancement of, currency for transactions.