Telling Us What We Already Know
Things are moving so quickly these days I would have to guess we are definitely in the early adopters stage and on the up form here.
I was reading an article this evening that came through my Twitter feed today regarding the "perceptions" of crypto currencies and how they are changing. This is something we all knew would happen and it is more about people educating themselves and not reading all the FUD that is generated.
The media are their own worst enemy as they have tried to keep crypto beaten down for so long and now people are waking up realising that it is not so bad. How bad can it be when huge investment houses are flocking in and you aren't? these are the same investment houses that your future relies on with pension payments.
A few years back an old boss of mine told me tp be careful with crypto as it was not safe yet today he is dabbling in the markets. Sure there ar eplenty of unsavory characters in crypto who cannot be trusted and that is the same in any type of business. That doesn't mean you have to be involved in their crypto "projects" as the choice is entirely yours.
Going back to the article they stated that out of an audience of 3000 from various first world countries 75% had used some type of digital payment within the last year. That is not surprising as one can only imagine that survey in 10 years time.
The millennials will be in their 30's and crypto will be a dominant force as that is where things are heading. I would guess the survey then would say 100% as I can see everyone slowly coming across to the dark side.
Technology is transforming the world we live in faster than we can think and the use of physical money is disappearing at a rapid rate. Just this week I was at a parking garage that only accepted card payments and no money slot in sight. Tap and go is all we are going to know and it wont matter what currency you have being Digital FIAT or crypto it will all be treated the same way.
Another article I stumbled upon stated that crypto would be adopted within 10 years and I would agree with that time line. The institutions are going to fight the entire way however, but like the Berlin wall it will fall. The pendulum is definitely shifting and just looking back from 2018 till now how much has changed and that is just in 4 short years. Huge strides have been made all in favor of crypto and that pace is only starting to speed up. Wait until a few of these bigger nations launch their digital currencies and watch how fast things move from there.
10 years maybe when mass adoption really kicks in but my money is on it kicking off far sooner. This is exciting times we are all living in and mass adoption basically means we could add some zero's onto our portfolio depending on what we have of course.
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I would have thought we were the laggards at this stage!
Thankfully not this time and maybe the first time you are early for something lol. Always bank on Blanchy to sniff something out is what I heard.
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I wonder where this will be in ten years too. I should be able to buy a gold cane by then.
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Nah forget the cane you will have a new lease on life and be the heart and soul of parties in Florida. It will be like weekend at Bernies.
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It will definitely happen and I don't think it will even last 10 years. After a few years, they will start to participate in the crypto market whether they want it or not.
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For those of us who understands how crypto works..it is far easy for us to understand the direction of how crypto is fast taking over the paper currency. Most countries are fighting against its legality but the more they do..the more crypto is fast advancing
A leftover habit I've retained from my time working for corporates is reading the morning mainstream news (yes, I'm a sucker for punishment).
My takeaways even this far into the cycle are:
Yep, literally early 00s high school where it was cool to act dumb about using computers...
It's actually fascinating to watch the adoption cycles of new tech.
Just gotta give it time and let the same thing play out.
Crypto investment,is a very violate market,people are largelyt fear of lossing they're money,but freakly speaking fiat and Crypto currencies are talking over the world,we are now on the world of cashless policy and with the introduction of web3 and the mateverse i will strongly advice everyone should adopt crypto,even it is to invest a little in it.
I've seen a lot of places lately that are "cashless". Stadiums, parking garages, etc. In fact, we went to a graduation ceremony this past weekend and we had to pay for parking. They didn't take cash, so I pulled out my phone to pay with Google Pay and they couldn't handle that. They only accept credit card. Pretty sad that they don't take payments from apps. If they are going to go cashless they need to get that sorted out.
Interesting graph, although I think we are little further right on the graph, perhaps towards the end of early adopters or start of early majority
Good point here and the next generation will be all about digital and cashless and crypto