5 Reasons Why Crypto Adoption Will Continue To Outpace The Internet

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Many compare the adoption of cryptocurrency to that of the Internet. Like its predecessor, crypto is a new technology that has the potential to disrupt all of society.

While adoption can seem slow, according to a chart on Crypto.com and Tweeted by Raoul Pal, it actually is forging ahead at a tremendous pace. In fact, we are presently seeing a 113% growth rate. If we want crypto to mirror what pace the Internet set a couple decades back, it will have to slow down to a 63% rate.

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As the chart shows, if that happens before slowing down to a more modest 17% growth rate by mid-decade, we will see 4 billion cryptocurrency users by 2030.

This is not apt to happen. We will probably see this trend continue.

Here are 5 reasons why crypto adoption will continue to outpace that of the Internet.

The Internet Will Add 40% More Users

According to the Internet World Stats, there were 5.05 billion people online at the end of December 2020. With a global population of around 7.8 billion individuals, forecasts are for another 2 billion people to be added during the rest of this decade.

Hence, the adoption rate is not only going to include those who are presently using the Internet but also those who are joining.

Society Is More Technically Advanced

Let us be honest: back in the 1980s and 1990s, we were, as a society, technical fools. Very few of us has much idea about computing or digitization. Only a select few were adept in this area.

The same is not true today, especially among the younger generations. Anyone 40 or under grew up in an age when technological change was a constant. The Internet and mobile era really conditioned people to embrace newer applications as they came out. Certainly there still are those who resist but that is changing as the demographics shift. In other words, those who fight technology are tending to die off.

We All Use Currency

Money is not a novel concept to anyone. This was not the case for the Internet. Hence, people are not averse to acquiring money and utilizing it. This is a big hurdle to overcome.

As people see others improving their wealth via cryptocurrency, they will naturally gravitate towards it. This is in alignment with human nature. From what we can see, it appears the less resources a country has, the greater the likelihood this will take place.

Thus we have a familiarity built in, at least at the conceptual level.

Cryptocurrency Is Going To Be Unavoidable

The Internet became something that most in the developed world adopted. However, even after 30 years, there are still people who avoid the Internet. As stated, we also see billions of people, globally, who are not connected.

We are not going to see the same thing with cryptocurrency. If one is online, it is going to be something that cannot be avoided. Throughout the rest of this decade, we will see cryptocurrency integrated into everything online. Games, VR rooms, browsers, and anything else we can think of will have people being incentivized via cryptocurrency.

This could really take on new meaning as more devices are connected and suddenly our coffee maker is a crypto earning machine.

Zero Entry Fee

Cryptocurrency requires nothing to get involved with other than the ability to connect to the Internet. As we are seeing, this is something that most are quickly becoming able to do.

That was not the case 25 years ago. Connecting to the Internet was an expensive proposition. Keep in mind, this was long before smartphones, thus mobile Internet usage was not available.

Computers were a much greater cost. We did not see $250 laptops at that time. We were still in a PC world, devices that cost thousands of dollars. Of course, we quickly got a chicken or the egg situation in that Internet usage pushed PC adoption, which led to price drops. Or was it the other way around?

Either way, if one is online, cryptocurrency does not cost to get involved with. Certainly, people buying currencies such as Bitcoin are operating in that manner. For the rest of the world however, we are seeing more opportunities to simply be rewarded for things that are done online.

This makes the entry fee to enter crypto exactly zero.

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It is interesting to see that the chart puts us roughly around 1997 in terms of the path that the Internet took. This means we really have not hit the exponential growth scale. This is a log chart which flattens things out in appearance. Notice the numbers on the right are 10x of each other yet are not separated on the chart by the same ratio.

Nevertheless, if these forecasts are correct, we will be hitting 1 billion users of cryptocurrency within the next few years. This is something that will really alter the landscape of humanity. It also shows the amazing growth potential that still remains in this industry.

The only question is whether we can maintain the growth rate we saw so far. If the 113% is correct, and I have no reason to doubt it, then it is likely we will see it continue. The growth rate of the Internet was able to carry on for years.

And here we spelled out 5 reasons why the cryptocurrency adoption rate will outpace the Internet.

What are your thoughts? Let us know in the comments below.


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I hope Hive will see at least a few million users out of that billion in the next few years. You won't be able to cope with all those comments :P

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Well if YouTube etal are any indication, most of them will not comment. But if they do, it will be a nice problem to have.

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there are no real incentives to comment on youtube, for example I very very rarely comment there

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Agree adoption is going to rise all the reason to hold at the moment when prices are falling. Time for us all to keep our nerve

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When it cones to rewards it seems I get more of something the lower the price is so it's nice to see bigger numbers no matter what the market looks like. 😁

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Bang, I did it again... I just rehived your post!
Week 57 of my contest just started...you can now check the winners of the previous week!
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Well the internet is becoming inevitable because I believe at one point in time people would need it for almost everything. So will crypto like you actually wrote, hopefully this happens on a larger scale then we thought.

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You are right. We are close to the point where being off the Internet is not really possible. Everyone is going to be online at some point unless they are in a country like North Korea.

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It would be great if new users of cryptocurrencies didn't fall for the old school saying that Bitcoin is the only cryptocurrency worthy of attention and however decide to learn about other great projects. Hive, for example.

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It would be great if that were to happen. I presume it really depends upon how people get involved. If they buy into Bitcoin, they might not see passed it. However, if they join because of an app or a game, they will have a completely different viewpoint.

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I think bitcoin will eventually become a collector's item, there are going to only be 21million in total ever. There will be a level of prestiege owning 1 Bitcoin, just like rare art. The other cryptos like hive with practical use cases will eventually get their time in the limelight.

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I also agree that adoption is unavoidable. The only thing I want to note is that crypto is volatile and you have to be careful due to some of the scams. The ups and downs of the market are to expected at our current stages.

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I like comparing the stock market to Crypto because many of the same things factor in. The difference, it normally happens MUCH faster in crypto compared to stocks. It's why you get wild price swings like today in a matter of a few hours instead of over the course of a few days like you would in stocks.

Adoption of crypto has happened it's going to keep happening so thinking you lost everything today is one of the dumbest things I've been hearing. Your holdings today will most likely double if not better in a year or longer. People are so short sighted and want instant millions and gratification. But then again that is pretty much a generation we have built now isn't it?

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Smaller markets tend to be a lot more volatile. If the crypto market becomes $20 trillion or $30 trillion, I think the volatility will settle down. In the meantime, there is a lot of real estate between here and there so the wild swings will continue.

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Just as you mention that the younger generation is more technically adept, they are also prone to use less traditional methods of commerce. Yes, they may use fiat just like the rest of us, but the proliferation of apps like paypal, venmo, google pay, apple pay and many others have them used to a cashless society. It's probably pretty foreign to them when they get that $20 bill in a card from their grandparents these days. I think that will make the adoption of crypto by them all the easier.

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They have no problem with digital money. It was like my generation embracing debit and credit cards and thinking in our minds that represented money. It wasnt exactly but it was how we paid for things.

The Millennials etal are no different. They use the apps and to them it is normal. So crypto is just another form of digital payment.

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This could really take on new meaning as more devices are connected and suddenly our coffee maker is a crypto earning machine.

Yeah, I hear those ASIC miners get pretty hot, just slap a coffee filter, etc. on there and I think you're onto something! Or will it be a DPOS coffee maker that makes me wait 13 weeks to unlock my coffee? I'll take mine with 2 creams and an adjustable power down period! (Just not so short that a hacker could easily get in and run away with my coffee before I knew what had happened.)

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I know it's a bit off the topic, but what's your stance on bringing the CDP contracts to #Hive?

It makes sense.

While Kyles idea with hive loans is great, it doesn't solve the problem of how $Hbd is printed.

Given that Justin pumped $sbd today to around $15usd, probably to cut the losses from the coordinated attack, it begs the question, can we do it better?

Not only it would finally be stable, but it would give more utility to HP as well.

Trying to grasp my head around it, and so far I haven't seen any notable problem with such an approach - other then not having SC haha

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All valid reasons. Here's another one: internet is already mature, crypto is now what internet was in the 90s.

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Really amazed and inspired by the point that it doesn't need anything extra to join the cryptoverse other than an internet connection. We are going to stay here to onboard others till we hit mass adoption. I'm loving it when people around me asking me about my bitcoin position after it falls or gain. They don't have it but internally have desire to join the thing once some green signals are given by regulators.

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