Global Bitcoin adoption to hit 10% by 2030: Blockware report
— June 2021, Crypto adoption skyrocketed, Bitcoin ’, Curve pattern, Including executives, Stage, Consumer perspective, Reviewed, Arrived, Respondents — 1 min read
Blockware Intelligence said 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. The report said it expects Bitcoin adoption to reach saturation quicker than many other disruptive technologies, given direct monetary incentives to adopt, the current macro-environment and because adoption growth will be accelerated by the internet. Bitcoin, like the internet, also derives benefits the more people that adopt the technology, which is known as the “network effect.” Blockware said the model used to predict the rate of adoption was only conceptual at this stage, adding it is neither meant to be used as investment advice nor a short-term trading tool, and it would continue to be refined. Source