Crypto mass adoption is imminent, but at what speed?

Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets.

As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopters embrace it, moving into mass adoption as it expands to the early and late majority. Finally, it reaches those lagging behind in its final phase.

Since its launch 14 years ago, Bitcoin’s (BTC) adoption has dramatically increased. The cryptocurrency has gone from being a fringe technology discussed by a small group of cypherpunks and nerds to being known worldwide, with some nation-states even adopting it as legal tender.

According to most estimates, though, crypto’s global adoption rate is still in the single digits, which means it still remains in the “early majority” phase of global adoption.

To grow further and reach true mass adoption, crypto will need to overcome the “chasm” — the gap separating the early adopters from the early majority. To do so, certain catalysts may be required.

What are those catalysts, and how far is crypto from reaching mass adoption? To find out, don’t miss the latest Cointelegraph Report on YouTube, and don’t forget to subscribe!

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

US CPI Inflation at 3.2%, Markets React Positively

The Bureau of Labor Statistics released the US CPI data for July, highlighting a positive trend with inflation number...

News

The Rise of OnlyFake: A Menace to the Crypto Ecosystem

The rise of OnlyFake raises important issues for the crypto community, highlighting the need to address fraudulent pr...

Bitcoin

BlackRock Races Ahead: Will the SEC Approve their Bitcoin ETF?

According to rumors, BlackRock is looking to gain an early advantage by transferring funds from its private Bitcoin t...

News

Baidu and Qualcomm collaborate to shape the future of the metaverse.

Baidu and Qualcomm, two influential tech giants, have joined forces to revolutionize the metaverse through their cutt...

Bitcoin

Brave Wallet Update: Native SegWit Bitcoin Accounts for Lower Fees and Enhanced Security

Exciting news for privacy-conscious web users as Brave, the revolutionary web browser, has announced an update that i...

Bitcoin

Bitcoin expected to rise to $27,200 with growing bullish momentum, says expert.

Bitcoin has experienced a lot of ups and downs lately, with sudden drops and increases in its value, which has kept i...