3. Growth in Crypto Currency Users
There was a time when we weren’t sure if this “internet” thing was really going to take off.
Remember when we had telephone dial-up connections and you would hear that strange noise when the modem would be working?
Now, as of the end of 2021, there are nearly 5 Billion people in the world that use the internet.[1]
We can look for parallels between INTERNET adoption and BITCOIN adoption.
We will use the number of Crypto Currency users[2] (wallets) as a proxy for Bitcoin users. As more people become Crypto Currency users - owners of Crypto Currenciesin general, then we should see more Bitcoin users – Bitcoin owners.
​
If the growth in Crypto Currency ownership follows the growth path of internet use, then we might say Crypto Currency ownership is in the “year 2000” position of internet adoption…only a few billion more people will be joining the Crypto Currency ownership club over the next 10-20 years….
​
[1] Intl Telecommunication Union, https://www.itu.int/en/ITU-D/Statistics/Pages/stat/default.aspx
[2] Crypto.com, https://finance.yahoo.com/news/global-crypto-users-reach-1-101646507.html