Asset management firm Fidelity believes Bitcoin adoption is on the same path as revolutionary inventions like radio, television and the Internet.
Bitcoin currently has a significant user base that is constantly growing.
Although at the beginning of the first decade of the 200st century, Bitcoin was still an unknown cryptocurrency and its use was very limited, today the number of people who use it exceeds XNUMX million, according to several reports, demonstrating the importance it has gained throughout the world.
According to a chart compiled by investment firm Fidelity Investments on the adoption curves of major technologies and inventions that have revolutionized the world and society, the pace at which people have been adopting Bitcoin is Simply stunning.
In recent years, the number of people using Bitcoin has skyrocketed, making the adoption curve of the world's most capitalized cryptocurrency comparable to that of major technological innovations such as radio, television, video recorders or VCRs and Internet services.
The number of users who own Bitcoin today is More than 200 million people approximately, according to the latest report published by the Cryptocom platform, which estimates that there are 432 million cryptocurrency users globally and that at least 50% of them use Bitcoin.
The market-leading cryptocurrency's current user base is roughly the same as the Internet had in 1997, @DocumentingBTC noted.
Impressive growth
Bitcoin adoption is on the rise. As the cryptocurrency becomes more well-known and gains popularity, more people want to explore its potential.
In addition, Bitcoin has also become a attractive asset for investors looking to diversify their portfolios. The potential for cryptocurrency to increase in value over the long term has made it a leading alternative for those seeking to preserve its value from inflation, attracting the interest of even private and institutional investors.
Bitcoin is a cryptocurrency decentralized and global, which can be used to make cross-border transactions from anywhere. Also, Bitcoin's underlying technology, the blockchain, provides the cryptocurrency with a high level of security and pseudo-anonymity, which are essential today to protect the privacy.
La digital shortage This is another of the great advantages that Bitcoin has. The cryptocurrency is limited to a total of 21 million units, which allows it to increase its value over time.
The arrival of Ordinals tokens
On the other hand, the arrival of Ordinals, which are a type of NFT that is directly inscribed in the Bitcoin blockchain in an immutable way, plays an important role in the adoption of the cryptocurrency on a global scale. These tokens currently exceed the 60 million registrations ordinals, a number it has reached in just one year.
Overall, the current adoption curve of Bitcoin manifests how the cryptocurrency is reaching the mainstream. Although many people still remain cautious about cryptocurrencies, and prefer to wait for these innovations to be well established before using them, from the early days to date, the crypto industry has evolved significantly, driving a A true revolution in the financial landscape.
The emergence of Bitcoin and cryptocurrencies is changing the way we interact in the world of finance, automating processes, improving market efficiency and competition, and reshaping business models. All of this poses great opportunities and challenges for the current system, which is why Bitcoin is considered an innovation similar to the great technologies and innovations that revolutionized the world.
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