The cryptocurrency industry started with the launch of Bitcoin in 2009 and then flourished in the following years with various assets and blockchain-based solutions. According to Stephen Stonberg, CEO of Bittrex Global, this is no longer in its infancy.
“I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.
Source:
https://cointelegraph.com/news/crypto-is-no-longer-in-the-early-adoption-stage-bittrex-global-ceo-saysIn a situation where many governments still ban cryptocurrency trading, we cannot say that Bitcoin has ended the "early stage of adoption". There is still a lack of automated, user-friendly micropayment applications. We will be able to talk about the end of the "early stage of adoption" when Bitcoin (or preferably at least a few cryptocurrencies) will be a globally accepted means of payment. Just because someone is thinking of accepting Bitcoin as legal tender doesn't mean it will happen.