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-saysI think it is more fair to say that Bitcoin is no longer in the early adoption stage, as there are lots of new coins being developed and even some established coins are seeing radical overhauls in how they work (like Ethereum). Bitcoin has built a rather steady foundation for itself and will probably stay relatively similar into the future. Even the larger financial institutions are only just starting to branch into the smaller alternative cryptocurrencies so there is still a lot out there that is untapped. It is definitely a maturing industry that has had a lot of exposure in the media over the last few years, which is great for all of us, however there are elements of it that are still in the early stages.