fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, March 30, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

Global Bitcoin adoption to exceed 10% by 2030 notes Blockware

June 10, 2022
in Crypto News
Reading Time: 4 mins read
A A
Global Bitcoin adoption to exceed 10% by 2030 notes Blockware
ShareShareShareShareShare

Related articles

Ripple: XRP gains ground over Bitcoin & Ethereum as the asset takes over Korea’s major crypto exchange

Ripple: XRP gains ground over Bitcoin & Ethereum as the asset takes over Korea’s major crypto exchange

March 29, 2023
Space ID purchase shows Avorak AI may add ARB liquidity

Space ID purchase shows Avorak AI may add ARB liquidity

March 29, 2023

  • The global Bitcoin adoption rate will exceed 10 percent by 2030.
  • According to various reports, there has been rapid growth in crypto adoption in the last few years.

A new report has shown that Bitcoin adoption would likely be faster than the adoption of previous disruptive technologies like the internet. Blockware intelligence report for June 9 states that its analysis of the adoption of nine previous disruptive technologies enabled it to arrive at this conclusion.

BTC adoption growth rate vs other disruptive technologies

According to the report, some of the disruptive technologies used for this comparison are smartphones, social media, automobiles, the internet, and electric power. A part of the report reads, “all disruptive technologies have a similar pattern (the exponential S-curve pattern). However, the adoption of newer network-based technologies is growing faster than anyone can imagine.”

The report’s conclusion was based on comparing the BTC growth adoption rate and the weighted average curves of historical technology adoption. The analyst used a metric known as the cumulative sum of net entity growth to predict the BTC adoption rate. The global BTC adoption rate will exceed 10 percent by 2030 based on the 60 percent cumulative average growth rate (CAGR).

BTC adoption prediction based on CAGR. Source: Blockware intelligence.

However, the Blockware intelligence report might be slightly biased about its BTC adoption rate. Blockware intelligence is the research subsidiary of Blockware solutions. Blockware solutions is a BTC mining and blockchain technology firm.

BTC adoption and saturation

According to the report, there are three reasons why Bitcoin adoption will reach saturation faster than any other disruptive technology. They are the present macro-environment, the internet, and the direct monetary incentives. The report also states that there were convenience and efficiency reasons why consumers adopted previous disruptive technologies.

Technology adoption curves. Source: Blockware intelligence solutions.

For instance, automobile adoption made transportation faster than a horse or a buggy. Also, cell phone adoption made calls possible without restriction to a particular location. However, BTC adoption depends heavily on financial incentives. Thus, it becomes a game theory where each person’s best response is BTC adoption.

Like previously mentioned disruptive technologies, BTC also benefits from the “network effect.” The network effect means the more people that adopt a technology, the greater would be the value of such technology. For example, a social platform with only one user has zero value. However, a social platform with several users becomes more valuable. The same can be said of these disruptive technologies.

The Blockware report analysts emphasized that the model they used to predict this BTC adoption rate isn’t fully developed yet. Hence, they advised readers not to use the analysis in the report as a short-term trading tool or investment advice.

But the analysts state that the model would be refined. Nevertheless, they said that there are clear indications that BTC’s global adoption will keep growing in the coming years. Also, its price would rise as well. Executives from top industry players are among the reviewers of the model used for this analysis. Executives from such as M31 Capital, Ark Invest and Arcane Assets were among them.

The rapid crypto adoption growth in the last few years

A 2021 data from TripleA, states that there are more than 300M crypto users as of 2021. TripleA is a global crypto payment gateway. That amount shows that there is an average of 3.9 percent rise in crypto holdings rate all over the world.

A Chainalysis (a blockchain data platform) report noted an 881 percent rise in crypto adoption between July 2020 and June 2021. The report further said, “Vietnam, India, and Pakistan (in that order) have the highest crypto adoption.” These three countries were among the 154 countries that Chainalysis surveyed.

Two months ago, a survey performed by Gemini (a leading crypto exchange) revealed that nations such as Brazil, Hong Kong, and India experienced greater crypto adoption in 2021. Over 50 percent of the respondents from these nations and 17 other nations revealed that they had their first crypto investment in 2021.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Limewire Announces ETH-Based NFTs — Algorand CEO To Revaluate Partnership

Next Post

South Korean Exchanges delist Litecoin

Related Posts

Ripple: XRP gains ground over Bitcoin & Ethereum as the asset takes over Korea’s major crypto exchange

Ripple: XRP gains ground over Bitcoin & Ethereum as the asset takes over Korea’s major crypto exchange

March 29, 2023

Source: Travis Wolfe - Shutterstock Currently, XRP bulls are acting on the 200 weekly moving average (MA), which has served...

Space ID purchase shows Avorak AI may add ARB liquidity

Space ID purchase shows Avorak AI may add ARB liquidity

March 29, 2023

As new cryptos emerge with new solutions that address the existing shortcomings in the cryptocurrency arena, a widespread reception indicates...

WiFi Map Plans to Shake up…

WiFi Map Plans to Shake up…

March 29, 2023

The last few years have seen many companies make forays into the exciting new world of Web3, drawn to its...

Cardano Holds Firm Against Key Resistance at $0.38! ADA Price to Make a Massive Surge Soon

Cardano Holds Firm Against Key Resistance at $0.38! ADA Price to Make a Massive Surge Soon

March 29, 2023

In the last few days, investor interest in Cardano (ADA) price has surged as its competitor’s zkEVM went live on...

Cardano Massive Upswing On Horizon – ADA Price To Surge Above $0.75 In Coming Weeks

Cardano Massive Upswing On Horizon – ADA Price To Surge Above $0.75 In Coming Weeks

March 29, 2023

The seventh largest digital asset by market capitalization, Cardano (ADA), is on the cusp of massive returns if the momentum...

Load More
Next Post
South Korean Exchanges delist Litecoin

South Korean Exchanges delist Litecoin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years

Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years

March 27, 2023
CFTC sues Binance over alleged breaking of trading and derivatives rules

CFTC sues Binance over alleged breaking of trading and derivatives rules

March 27, 2023
SHIB Metaverse Places Clear Emphasis on Empowering Women

SHIB Metaverse Places Clear Emphasis on Empowering Women

March 27, 2023
Justin Sun’s US fraud charges could hamper Huobi’s license application in Hong Kong

Justin Sun’s US fraud charges could hamper Huobi’s license application in Hong Kong

March 27, 2023
Dogecoin dev tool update adds QR codes, moon phases, BIP-39 seed support

Dogecoin dev tool update adds QR codes, moon phases, BIP-39 seed support

March 25, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • EU Proposes Cap on Anonymous Crypto Transfers
  • Bitcoin price briefly hits $29K despite regulatory crackdowns – Cointelegraph
  • EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions – Regulation Bitcoin News
  • U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain
  • Binance’s reputation at risk as CFTC allegations raise concerns
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,340.005.75%
  • ethereumEthereum(ETH)$1,809.545.23%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$317.222.73%
  • usd-coinUSD Coin(USDC)$1.00-0.19%
  • rippleXRP(XRP)$0.5717.10%
  • cardanoCardano(ADA)$0.38728911.15%
  • staked-etherLido Staked Ether(STETH)$1,806.105.10%
  • dogecoinDogecoin(DOGE)$0.0759735.08%
  • matic-networkPolygon(MATIC)$1.148.68%
  • solanaSolana(SOL)$21.157.08%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • polkadotPolkadot(DOT)$6.246.59%
  • litecoinLitecoin(LTC)$91.796.38%
  • shiba-inuShiba Inu(SHIB)$0.0000114.04%
  • tronTRON(TRX)$0.0646791.17%
  • avalanche-2Avalanche(AVAX)$17.264.84%
  • daiDai(DAI)$1.00-0.25%
  • uniswapUniswap(UNI)$5.995.14%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,296.005.32%
  • chainlinkChainlink(LINK)$7.256.69%
  • cosmosCosmos Hub(ATOM)$11.283.51%
  • leo-tokenLEO Token(LEO)$3.400.69%
  • ToncoinToncoin(TON)$2.123.49%
  • ethereum-classicEthereum Classic(ETC)$20.845.37%
  • moneroMonero(XMR)$157.912.53%
  • stellarStellar(XLM)$0.10560413.34%
  • okbOKB(OKB)$43.261.11%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$123.693.32%
  • filecoinFilecoin(FIL)$5.768.02%
  • AptosAptos(APT)$11.666.87%
  • lido-daoLido DAO(LDO)$2.4318.12%
  • true-usdTrueUSD(TUSD)$1.00-0.24%
  • hedera-hashgraphHedera(HBAR)$0.0610223.57%
  • quant-networkQuant(QNT)$121.842.24%
  • crypto-com-chainCronos(CRO)$0.0684353.07%
  • nearNEAR Protocol(NEAR)$1.946.05%
  • vechainVeChain(VET)$0.0231646.61%
  • ArbitrumArbitrum(ARB)$1.2510.36%
  • algorandAlgorand(ALGO)$0.2167969.11%
  • apecoinApeCoin(APE)$4.172.49%
  • internet-computerInternet Computer(ICP)$5.026.25%
  • blockstackStacks(STX)$1.0218.29%
  • the-graphThe Graph(GRT)$0.14743812.86%
  • fantomFantom(FTM)$0.46085314.95%
  • eosEOS(EOS)$1.155.04%
  • the-sandboxThe Sandbox(SAND)$0.647.40%
  • decentralandDecentraland(MANA)$0.607.36%