Can Bitcoin growth exceed that of the internet?

Digital currencies existed before Bitcoin but, its growth has surpassed that of any other asset class. Bitcoin’s adoption curve is still in its infancy but, digital currency is now the big talk among innovators and business leaders. Some even argue its growth has outdone mainstream global infrastructure rollouts like the internet.

Reliable reports show Bitcoin’s adoption has increased by 2.2 percent annually in the past ten years. That means a third of the world’s population would own Bitcoin in the next four years if the adoption continues at the current rate. Bitcoin currently has about 130 million users, similar to where the internet was back in 1997.

Analysts say it took the internet about 7.5 years to move from 130 million to one billion users. Bitcoin’s mainstream adoption rate projects it would attain a one billion user base almost twice faster than the internet. So, what is about Bitcoin that makes it increase, and could it exceed the internet’s growth? The following article answers those questions.

How Do Those Projections Relate with the Actual Activities?

Various indicators suggest that crypto adoption’s momentum is moving faster than the previous predictions over the past year.

Corporations, institutions, governments, and individuals are increasingly joining the crypto revolution, developing Bitcoin infrastructure. The number of active addresses is one of the most critical factors to evaluating Bitcoin’s adoption.

Bitcoin Trading and Investments

Recent reports indicate the number of Bitcoin’s active addresses has doubled since the start of 2020. Mainstream crypto exchanges such as The News Spy Official App have reported surging trading volumes and robust price growth, indicating investors are increasingly putting money into Bitcoin.

Bitcoin has also enjoyed the intensive backing of famous institutional investors, industrial leaders, and corporations, further bolstering its adoption rate. Bitcoin’s impeccable performance has inspired several countries, including the UK, European Union, and China, to consider unveiling their crypto to modernize their financial infrastructures.

Bitcoin’s asset manager says institutional investors have increasingly flooded the crypto markets, primarily eyeing the world’s largest digital currency. They accounted for about 87% of all the Bitcoin investments in 2020. Many investors believe investing in digital assets no longer bears any professional risk, encouraging Bitcoin’s adoption.