Having analyzed the growth rate of Bitcoin adoption by the global community, Blockware Intelligence experts have concluded that in eight years, one in 10 people on the planet will be using BTC.
Blockware Intelligence analysts have released a report on the global crypto adoption. The study suggests that the worldwide adoption of Bitcoin (BTC) could happen faster than the adoption of previous breakthrough technologies. Blockware Intelligence runs the research arm of Blockware Solutions, which specializes in BTC mining and blockchain infrastructure development.
Blockware Intelligence analysts based their predictions on a comparative analysis of BTC adoption trends with similar adoption trends in other technological innovations: Automobile, Electric Power, Internet, Smart Phones and Social Media. By comparing historical graphs of technology adoption to the rate of BTC adoption growth since 2009, the analysts could substantiate their predictions.
The study’s main conclusion was the thesis that “the global Bitcoin adoption will break past 10% in the year 2030.” Blockware Intelligence experts also argue that adoption will “reach saturation” faster than previous breakthrough technologies. The analysts believe the key prerequisites for this are:
- direct monetary incentives for adoption;
- the ongoing development of Internet technologies directly incentivizing BTC adoption;
- the current economic interest of regulators in the cryptocurrency sector.
Recent studies have shown high interest in cryptocurrency and BTC in particular from insurance companies. An additional incentive for global adoption may be the growing number of the richest people on the planet investing in BTC, as well as the interest of large investment firms in digital currencies.
According to Blockware Intelligence analysts, technological advances and the so-called “network effect” will be the main driving forces for the global adoption of BTC. Analysts attributed a significant role in the evolution of BTC to social networks, as “more users make these technologies more valuable.”
The report’s authors stressed that their adoption rate prediction model is not meant to serve as investment advice or a short-term trading tool.
Let us remind you that major retailers in the U.S. are preparing en masse to accept payments in cryptocurrency and are spending millions of dollars on building and maintaining the necessary infrastructure.
