Post
Topic
Board Economics
Re: "Crypto is no longer in the early adoption stage"
by
bryant.coleman
on 16/08/2021, 18:55:02 UTC
Is that so? well i do think that we're not that early, but still it's still not considered a lot though. Like for example, for sure now bitcoin is more popular, it's more mainstream than it used to be, a lot people using it already whether as currency or as investment. However if we compared the total number of people with the number of people involved in cryptocurrency, I believed that the ratio is still so small. Even not many countries adopt it yet, although there are some that already took the first step, but there are still many that ban bitcoin, or just don't give a care about bitcoin at all. So I guess we still have such a long way to go though.

You can't compare Bitcoin to other assets such as gold coins, stocks and bonds. The number of people who invest in these assets are manitimes higher than that with Bitcoin. The acceptance and adoption of Bitcoin is going up with every passing year, but it will take many decades for BTC to catch up with the mainstream investment assets. But then, stocks and bonds have existed for many centuries. Gold is being used for many thousands of years. But Bitcoin was first mined in 2009 and it is just 12 years old.