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Cryptocurrency
10 Jun 2022
Global Bitcoin adoption to hit 10% by 2030 says Blockware Intelligence
The Index Today
Blockware Intelligence says in a report that Bitcoin, like the internet and social media, benefits from “network effects”, where more adoption spurs higher value and incentive for additional take-up.
According to a new report, the adoption of Bitcoin (BTC) could occur more rapidly than the adoption of past disruptive technologies such as automobiles and electric power, with global take-up likely to hit 10% by 2030.
In its June 8 report, Blockware Intelligence also mentioned that it arrived at this forecast by examining historical adoption curves for nine past disruptive technologies, including automobiles, electric power, smartphones, the internet, and social media, along with the growth rate of Bitcoin adoption since 2009.
“All disruptive technologies follow a similar exponential S-curve pattern, but [...] newer network-based technologies continue to be adopted much faster than the market expects.”
