Bitcoin Forum

The cryptocurrency industry started with the launch of Bitcoin in 2009 and then flourished in the following years with various assets and blockchain-based solutions. According to Stephen Stonberg, CEO of Bittrex Global, this is no longer in its infancy.
“I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
“Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.


Source: https://cointelegraph.com/news/crypto-is-no-longer-in-the-early-adoption-stage-bittrex-global-ceo-says

I think Stonberg should have said the crypto market has passed the stage of early adoption, not cryptocurrency because there is some innovative crypto project which is yet to be introduced or created.

If we calculate the total number of the world population and the number of crypto users/investors, I don't think we should say crypto has gone mainstream. Besides, there's no genuine plan or wallet created for the elders and blind crypto enthusiast

It is good that countries like El Salvador make this decision.

Thanks to the pandemic that shows the world the potentials of Bitcoin and Kiyosaki for wooing institutions that crypto is the best alternative.

Ah, one man's opinion.  The 12 years that bitcoin has been around might seem like a long time, especially for people in their 30s or younger, but in the grand scheme of things it really isn't.  Personally, most people I know in the real world don't invest in or use bitcoin for anything at all, which leads me to believe that adoption isn't as advanced as the article would have us believe.

True, progress has been made in the past couple of years at a rate that probably exceeded the previous 10 years combined, but I still think of bitcoin (and crypto in general) as a new asset class and something that hasn't had all the kinks worked out of it yet.  Plus with all of this regulation and attention from governments, who knows what the crypto space is going to look like 10 years from now.  It could be pretty bleak, though I'm hoping it doesn't turn out that way.

So, double digits in all the countries in the world would mean we have at least 700 million bitcoin users.
This although the blockchain has just 600 million registered transactions in all its history and there are only 38 million addresses with a balance, including the 7 million with under 1$ worth of bitcoin.
All this with 260k confirmed transactions a day that would mean each bitcoin user would make  1 transaction every 2692 days.
Oh let's just throw there on top of this and add some other shitcoins too, it's still well below one transaction per year per person!

Yeah, seems legit! /s

We're nowhere near the moment of going mainstream in real adoption and usage, we're going mainstream in news and hype and rumors and intrigues and dramas and all other useless stuff. We're a long way from seeing even 3% of the world actively using and adopting crypto, not even mentioning bitcoin alone.
This seems more like an article telling people to buy now or it's too late than an actual claim based on numbers.

A guess game really. To understand if it is still in the early adoption, you would first need to figure out what it a reasonable addressable market expectation, whether you would define such market in number of users or in transactions. My take is that not everyone will have a btc account and that it could even be that only 15% of the people will ever use bitcoin in which case you could argue that we are not on the early adoption. However that is just a guess, as we do not really know how the fully developed market would look like.

The days of its early adoption is gone, the days it was struggling to recover, the days it has to wait an entire year to bleed out ( weak hand) sellers through 2017 bear market. The days that one needed to trade and %10 increased usually made the headlines and becomes a headache to the China.
There are so many obstacles that Bitcoin has faced in the past and that's why we shouldn't be move by the small news anytime they tried to disrupt decentralization. It has come to stay and will be here till forever.

Early adoption in some country but to those who are in the market since 2017 or even before that, it can be consider as not new adoption anymore. There’s a lot of new investors in this market even today, its hard to say what’s the stage of adoption already in the whole market but one thing is for sure, we are growing.

Some people had forgotten and searching for the bitcoin below 10k dollars. With my experience, it's hardly impossible to the price of bitcoin into 10k dollars. In a sake of luck, you had seen a market at 10k. Kindly buy 5 bitcoin, even by selling your house. In a couple of months, you will buy 5 house in a row.

Exactly. We have passed already the infancy stage so we're heading into another stage which will best describe with the present status of crypto right now. And whatever it is, it does not matter as long as we know the fact that crypto community is consistently growing and the developments have become inevitable.

For anti-crypto or even for those who really don't know about crypto, we are still starting but for crypto enthusiasts, we are already close to crypto adoption. Crypto has become maintream already and maybe few years from now, crypto will be integrated in most of the banking transactions or in any field of finance.

I somehow disagree. With the current banning of cryptocurrency in other countries, we are still not even in the middle of its peak. Data's also shows that developing countries use cryptocurrency more than those with developed countries. USA is in fact almost at the bottom and Nigeria is the king in terms using and having even 1 crypto so I believe we are still early in this space.

That could be a factor but if we are talking about it time wise, I think that it's not early adoption stage anymore. If we are talking about people discovering bitcoin, I think that too can be considered an early adoption stages. Yes, the community is definitely growing, thanks to the discovery of more people and those people introducing crypto to other people.

Yep, more and more people try, and own cryptocurrencies. However, I agree with stompix that we are not yet mainstream. While many teenagers use cryptocurrency, older people still haven't found any reason to use it. This is only a matter of time IMO because the younger generation will replace the older generation.

How about people in the 3rd world countries? Well, that could take even longer. Adoption usually from 1st world first, not the other way around. If you guys talk about internet in the 90s, in my place, we had some meaningful internet activities in the 2002 IIRC (mainly for porn lul), and I lived in a city.

Loool, the joke of the year... Usage? Where in Nigeria is this usage (https://coinmap.org/view/#/world/43.29320031/-78.13476563/4) we're talking about that puts USA to shame??
https://talkimg.com/images/2023/06/12/AbJvj.jpeg

Maybe in the LN network? (https://1ml.com/location)


It must bein the companies investing in Bitcoin then, too bad I haven't heard from on Nigeria company doing so, numbers of ATMs (https://coinatmradar.com/countries/), a number of nodes, hashrate, where is the usage you're talking about?
One example of how Nigeria mops the flor with the USA on usage? One!

I sort of respectfully disagree with some parts of this. I do think that we are not in the "early" adoption stage, but we are still in the early stages of crypto as a whole. We are only at under 50k for bitcoin, and that is just bitcoin, we are going to definitely see 500k+ for bitcoin, probably by that time 50k+ for ethereum, and maybe 10k+ for bnb as well. These all depends on rankings and if they stay like this of course, but that is what I believe will happen.

It means that we are more than 10x increase away from the "expected" amount for now, by the time that happens I am sure with inflation and all, we will be expecting even more from crypto too. All in all I believe fiat world is something that goes down all the time, and crypto is something that goes up all the time, which means even at the fully expected prices, it will still keep going up because of it.

Technically yes, but for some people who didn't know about it in the first place, it's an early adoption for them so basically it's a matter of perspective as to what's our meaning of early adoption is done, there are countries out there that don't know a thing or two about this market so I guess it's still an early adoption for them.

Not really if you run the numbers. Not only we’re not past early adoption, but many countries haven’t even reached that. And cryptocurrencies are meant for everyone, only when it’s available for EVERY person in the world we can talk about adoption, but, as mentioned accurately by @Myleschetty the technology isn’t well thought through for the elderly, blind.

And what of the whole countries imposing bans on crypto? China is a big deal, it has a great influence on the world economy and, not to mention, is home to over 1.3 billion people!

Cryptocurrencies are all over the media lately, big investors are joining the game, which makes it look like cryptocurrencies are everywhere. Unfortunately, we’re not there yet.

For bitcoin, it can be a yes.

I agree to @myleschetty.

The crypto market is still quite young because of the new trends that are keep coming from it. We remember NFTs that they're there for years yet their time has come just this year.

And there are other things to come in the market as new.

Bitcoin reached 1 Trillion market cap earlier this year which is enough to show that how big the market is and now again the market is soaring up with sudden and unexpected recovery after the amazon acceptance rumour, hopefully the price will reach its next resistance phase from $30K to atleast 40K this time.

Adoption is there, but certainly not enough to state that we've already passed early adoption stage. There are still a lot of ground that needs to be covered and bases that need touching before we say we've moved on. A lot of people still don't have access to bitcoin, and only a handful of businesses are ever willing to accept bitcoin in their shops. Yes, bitcoin may have 'matured' in the market but not in the adoption aspect.

It would take a lot more years for us to reach that stage, although I can see that people, companies, and governments are already starting to recognize bitcoin in a positive manner.

obviously it wasnt because of the dates that we are in now add in the price that its getting higher but this post shall convinced people that btc isnt in its infancy stage anymore because theres still lots of them that think btc was still in that phase .
 i dont know if what is their basis on why they can say that .

i think it was normal for a company to invest and microstrategy started investing last year according to what i researched .
its the common people that are now investing in btc

I think crypto is still in its early stage but in a more mature form. There was a time when most people don't understand the use case of this technology. But now things have changed but this technology has a lot of ground for development. Crypto will be mainstream when people will use crypto in their daily life like they are using fiat right now. Value doesn't comes first use case does.

It doesn't prove anything, yes it reached the trillion marketcap but it can still go down significantly too. Remember that bitcoin is a volatile asset so a trillion marketcap isn't anything to be celebrated too much unless it's a milestone and it can stay there for a really long time. I think crypto is still at an early adoption stage in terms of people that haven't known of it yet, it's a matter of perspective.

Crypto has achieved a lot within a short period of time there is no denying that fact but compare to other sectors or business I would say Crypto still in it's early stage irrespective of it's market capitalization, even now that the price of btc has appreciate so much still not many people are into crypto, maybe the percentage of those who are involve in crypto is very little compare to those who have no knowledge or not involve in it, which means there is enough time to grow, those who join now will consider themselves as early adopters.

There are still lot of pending users that are aware about bitcoin and other cryptocurrencies but are not making use of them in any way like making payments with LN or storing them as an assest so we can say the adoption phase has begun and cross some level but for becoming mainstream it needs to be used as fiat payment and for that countries regulations needs to be done instead of putting a ban on them.The government like El Salvador have made great decision inspite of World bank criticism as they would oppose it certainly but soon they will also change their mind.The world is going to witness new adoption phase soon and you will see many more such statements.

More precisely, already in a fairly rapid development stage, we are no longer worried about how the market is about altcoins. All based on technology that continues to run, it is possible that we will soon continue to slide in the future altcoins have more fantastic prices. It all depends on the project managed by professionals.

Hard to see altcoins adopted because a city like Miami even created its own coin. It's an example of the adoption of an altcoin but not really the existing one.

Bitcoin will be more adopted than an altcoin because it's more popular and it's a store of value as a use case. Other altcoins has its own use case for their own community. Today we still consider altcoins as shitcoins.

This is true, both as a currency as well as investment crypto cannot be seen in it's early stages now, there are enough users who have invested their money into this market and also now the traditional investments banks like JP Morgan and Credit Suisse have starting giving services related to crypto investment to their users which means money through hedge funds is also being channelized into this economy now. Also in terms of currency, we have a country that has made it a legal tender so I think this person is absolutely correct, we have passed the early adoption stage now.

Once the Bitcoin Law takes effect in El Salvador on September 7. Bitcoin will take a new step and all the eyes of the world will be attentive to how the population of El Salvador will change its destiny. In this country, one of their main income is remittances and the 30% that they previously paid to receive them now with bitcoin will be invested in improvements for the nation.
In addition to the use of bitcoin as a legal reserve that the country will use, it will be a projection towards a better future for the nation.
For bitcoin and the community it is a historical and important fact to advance the mass adoption of bitcoin and cryptocurrencies.

It almost feels like a veiled insult to say we've passed the early adoption stage.  Like this CEO somehow doesn't appreciate just how much potential is there.  Bitcoin is only mainstream in the sense that just about everyone has heard of it now.  But I get the sense that very few people use it, or even understand it yet.  I think there's so much more to come.  After 'early adoption' comes 'early majority' and there is absolutely no way we are at that stage yet.

with what's going on now it looks like stenberg made a bit of a mistake because judging by everything so far crypto should have gone through early adoption and now is the time to try to recover and maybe what is expected now is to wait and wait.
besides that for now every day new investors, lots of new investors have taken and secured their place this should no longer be called the early stage

Bitcoin is still early, but not "early early". We have started passing some milestones like first country to make it legal tender, adoption as store of value by companies, laws being adopted around it, etc. This makes it very different from where Bitcoin was 5 years ago when it was largely ignored by everyone except for a small number of retail investors. But still Bitcoin is not really mainstream, only a little amount of companies adopted it as store of value, and even less as payment method, only 1 country in the world made it a legal tender, and its adoption as a payment method is progressing very slowly in general.

I also agree that we have  a passed the early stage of crypto adoption since we got big institutional investors now who have backed up bitcoin. Although this crypto is not yet in mainstream but there are really positive changes that have taken place in crypto within its 10 years of existence.

Bitcoin has even become a legal tender in El Salvador and it's already a big achievement for crypto. So for me, crypto  has already made great changes in crypto knowing the fact that it's still a decade from the time it was developed.

Most people dont and the fact is that most people actually think that bitcoin is just another instrument for hedging against inflation


Dont you think that we will be getting to the stage of 'mass adoption' after the 'early adoption' ? Few companies have started to adopt bitcoin as one of their payment option but only those that have purchased bitcoin before will use this payment option and for the mass that have never even heard of bitcoin probably wont even bother use it


It doesnt mean alot coming from a third world country like El Salvador

I have no doubts when it comes to Blockchain technology when it comes to its potential where it could really be adopted heavily in the near future.We are already seeing some integrations and applications of this tech and that's already a considerable benefits that we could get from this.

Crypto or specially Bitcoin did exist already a decade plus but the total relevance or recognition was started on 5 years ago.So I can still say that we are still on early phase.

We do have our own impressions and views.So lets just respect if others do see that it is already on the other level.

I was speaking in reference to the Rogers Bell or Diffusion Curve (https://www.legalevolution.org/2017/05/rogers-diffusion-curve-004/).  It's an easier concept to work with than the slightly amorphous notion of "mass adoption".  Everyone seems to have their own definition of what that actually means in practice.  Speaking in terms of early majority/late majority/etc is more measurable.



That sounds a little dismissive.  Small steps lead to bigger things.  And it's generally safer to start small.  Nothing like this has ever been done before, so why would you want to risk doing it on a massive scale?  I genuinely prefer that it has unfolded this way.

The numbers suggest otherwise. Out of the 100 million or so cryptocurrency users, how many are active? Innovators and Early Adopters should account for 10% to 20% of the potential user base. And I am sure that we haven't reached there yet. IMO, the potential user base for cryptocurrency is in billions. And even if we take the users who are not active, we are yet to reach 10%. And if only active users are taken in to account, then we maybe at 1%-2%. And that means that we are currently at "innovator" stage and not even at the "early adopter" stage.

User is different from the created wallets and accounts so there is no way that there will be data about how much people are using crypto or holding it because if the basis is wallets? then there are so many users that has different wallets same us those who holds this.

so giving 10% of the billion target cannot be justify so maybe yes or maybe not.

but about this being in early adoption or not? after more than 11 years of existing and with 2 trillion capitalization ? indeed we are not in early adopting now.

For me and my observation, i think we are still in the earliest stage of bitcoin adoption. Most people still have no idea what BTC is. My neighbors and coworkers don’t own any bitcoin. Folks are investing huge amount of cash into bitcoin not because they are adopting it but because they see it as a get-rich scheme. They want to cash out when there is a price increase. Some are just curious and have never tried it.

That's right, many people use bitcoin but bitcoin is not yet legalized in many countries, and many people have no idea about bitcoin there is a lack of adequate knowledge that's why bitcoin in the early stages due to the high demand for bitcoin many countries are legalizing it. They are considering introducing cryptocurrencies, so bitcoin may come out of its early stages very soon even if there is a legal tender it will not be able to interfere in bitcoin the number of users being added to the project is increasing.

I think cryptocurrency is no longer in early stage but it is on the stage where it only need to be adopted as a legal tender and this platform will continuously soar high once it done. I've known this platform way back 4 years ago and at that time the platform is definitely in the early stage. Though cryptocurrency didn't need to be recognized as a legal tender because it can stand alone without the regulation or simple as decentralize however this is important for the traders and investors of crypto currencies.

I cannot agree both bitcoin has entered into mainstream and main stream adoption is the indication of early adoption stage. Early adoption phase is something we cannot figure out with the help of price level nor age of bitcoin. Because, if you consider 10% of peak value and life time of bitcoins then I guess we are still into the early stage of bitcoin ecosystem.

Because in my speculation, I am expecting bitcoin to value around one billion dollars and may serve human race for another 10 to 20 centuries. So, we are not even 1% of those parameters.

Moreover, mainstream cannot indicate that we had passed early adoption phase of bitcoins. In my view, main stream adoption is needed to end the early adoption.

I do not quite agree that many countries are looking to adopt Bitcoin, I know these countries are well aware of the benefits and advantages of Bitcoin, but unfortunately they are not going to adopt the technology, because it's decentralized and they cannot control it, and many of them already have plans in motion to launch their CBDC, and they have this erroneous conception that for their CBDC's to thrive, then they have to attack the progress of Bitcoin in their country.

As a result of the pandemic, Bitcoin became more popular amongst institutional investors who are looking for assets that can be a hedge to fiat currencies that are currently struggling with inflation and devaluation, but that doesn't make Bitcoin an asset that has attained mainstream adoption, I honestly believe it will, but it still has quite a long way to go before mainstream adoption becomes a reality.

In a situation where many governments still ban cryptocurrency trading, we cannot say that Bitcoin has ended the "early stage of adoption". There is still a lack of automated, user-friendly micropayment applications. We will be able to talk about the end of the "early stage of adoption" when Bitcoin (or preferably at least a few cryptocurrencies) will be a globally accepted means of payment. Just because someone is thinking of accepting Bitcoin as legal tender doesn't mean it will happen.

I was referring from this article made by yahoo.finance https://tinyurl.com/c7zd7c6e (https://tinyurl.com/c7zd7c6e). They got their data's from statista which I cannot find first hand. I somehow agree that USA has the most BTC but still most of them are whales not regular citizen. We are talking about popularity and utility and not total btc volume by country due to the difference of economic status between the two.

You're right, for Bitcoin will be more of a more liberal system of legal payments within a country, Maybe altcoins don't play that wide role. Miami has not fully implemented the concept in a comprehensive way, but it is possible that Miami can implement all of it smoothly even though it requires a process of public acceptance and support from the government that really wants Bitcoin adoption.

Don't need a full support to go to the next stage, crypto just needs to be issued and acknowledged by the top centers and countries to have a good result, their promulgation and publication is more valuable than the sum of many small countries as a whole but the first stage of acceptance is still being vehemently rejected. For too many years, only a few basic laws were proposed and small recommendations were made in multilateral and multinational talks, it can be said that this is a very deep level of the first stage, but the second step has not been formed yet

NFT shouldn't be put aside with BTC, they are far different from eachother and I believe it's possible that NFT time can pass as well just as DeFI did in 2020 to me BTC will still be the last man standing

We all knew that this is where it is headed to. Microstrategy has been one of the biggest names to invest in Bitcoin, and more are still coming, I know that for sure. Even around last week there was another big institution that also invested their money in bitcoin, but I can’t remember the name of that company.

As the times goes on we are going to see more and more of them coming. For individuals that wants to invest, now is going to be the right time to start investing, because these institutions are buying in bulks, if you don’t buy your own now, in years to come the price of bitcoin is going to be really high.

Agreed, maybe we are close to be out of the early adoption stage but that does not mean that bitcoin is now mainstream, we are headed to the beginning stages of an early majority but it is going to take time for this to materialize, however I think we are on the right track but we need to stop with this wild optimism, it is going to take at least another decade or two before we can use our bitcoin in the stores and no one raises an eyebrow, and personally I am fine with that speed of adoption.

Exactly, cryptocurrencies have left the early adoption stage behind already. This market has been standing still for more than 10 years. Cryptocurrencies (especially Bitcoin) are being adopted at a good pace now. Bitcoin is the leading cryptocurrency in this. It's being adopted by many people and companies. And government policies also help Bitcoin start being used by more people.

Technically it's not legalized because it has not been regulated by government, and nobody could do that due to  it runs within a node. The existence of it was through Blockchain technology, and I believed demand increase once there's adoption that's rising. They enter during that stage, but suddenly experienced crashing when market saturates.

Bitcoin is in good state lately and the market itself.

We've crossed again the $2T market cap and if it stays there and makes a long time being stabilized at this market cap.

People will now see the importance of buying at the dip and will realize that because they've doubted before, they'll think that they're late.

What will be the description of your second statement if bitcoin should have remain where it dump to during covid-19 and its yet to recover. It sound somehow to me how everyone praise bitcoin, probably is the nature of human when going becomes sweet, they change tune.  ;D ;D
Bitcoin has really been a wonderful financial freedom where everyone has free will to buy any quantities they feel like holding without any restrictions. The gain has been awesome to some extent though, it would have been a disaster for people who bought at the top and sold everything at $30k

Sounds fair.


Yeah its literally a ripple effect and we probably need like atleast 5-10 years for these to take effects though. If somehow this turned out to be a pretty good decision for El Salvador then there will be alot of countries that might follow their steps. At the same time this also means threats to some countries because those countries that started to adopt bitcoin might stop using US dollar or Euro. Pretty much like a double edge sword

In terms of 'adoption', this is probably the biggest that we've had so far though so Im not complaining at all

We've crossed the $2T and this time it is alll because of the altcoins that has pumped high within a short time period. Maybe this can go even high in the upcoming days. My mind feels like the altcoins season have begun. Bitcoin gets slowed down for some time period. Right now users who invested big on altcoins at the bottom will be enjoying the profits out of the trillion market.

I think the early adoption for Bitcoin was delayed, because it was fighting for legitimacy in most countries. It was the explorer in new territory for all other Crypto currencies. The early adoption phase for other Alt coins will be much shorter now, because most people are familiar with the concept of Crypto currencies.  ;)

Bitcoin might be past the early adoption for the technology as a "Commodity" ....but it still has to pass the hurdle, namely government acceptance as a "Currency" ...to be 100% out of the early adoption cycle. 

right, when bitcoin's movement slows down, many investors will switch to buying altcoins. This is when the altcoin party begins. but we must be observant in choosing potential altcoins, so that we will be able to find altcoin bullrun moments on the tokens we have

So many had disagreed though. Since Mike Saylor said BTC still is very cheap as of today and we are still in the early stage, I think the adoption is just starting. Only a few countries still are using Bitcoin and US law about taxing crypto is still debated.

The price is predicted to go up to $100K this year, I'm sure it's going to be surprising for the countries that had a chance to adopt BTC today but did not.

Just like what @The Pharmacist said, crypto is definitely still in the early stage, we do have to agree with the fact that Bitcoin did hit a lot of advancements, the value has grown big, but in a span of 12 years, Bitcoin is still young and I do think it has a lot of years to go for before it really hits the advanced stage, alongside with other cryptocurrencies in the market, I wonder how much of an advancement Bitcoin will take in the future, after 10 or 15 years.

It is about being known or heard, when you are at an early adoption stage that means there are many people who do not know about it, but right now bitcoin is not at that stage, you may or may not have some people who do not know about it at all, but that number is very low right now, 90%+ of the world heard about it, probably closer to 95% of the people as well.

I am not saying that many people have bitcoin, I am just saying that those people are aware of it and that is the important thing, people should be just aware of the fact that crypto exists and we are already beyond that. This is why I agree that we are out of early adoption stage, we are still not at the advanced levels, we are still getting adopted everyday in many places, but it is just not early, it is probably beyond-early or something, I do not know what it could be used, it is not further ahead, it is still early but just not too early like it has been 2-3 years ago.

Is that so? well i do think that we're not that early, but still it's still not considered a lot though. Like for example, for sure now bitcoin is more popular, it's more mainstream than it used to be, a lot people using it already whether as currency or as investment. However if we compared the total number of people with the number of people involved in cryptocurrency, I believed that the ratio is still so small. Even not many countries adopt it yet, although there are some that already took the first step, but there are still many that ban bitcoin, or just don't give a care about bitcoin at all. So I guess we still have such a long way to go though.

You can't compare Bitcoin to other assets such as gold coins, stocks and bonds. The number of people who invest in these assets are manitimes higher than that with Bitcoin. The acceptance and adoption of Bitcoin is going up with every passing year, but it will take many decades for BTC to catch up with the mainstream investment assets. But then, stocks and bonds have existed for many centuries. Gold is being used for many thousands of years. But Bitcoin was first mined in 2009 and it is just 12 years old.

Bitcoin got also the big contribution with that hitting again $2T this time.

If the market can maintain that and hopefully there will be no whales taking huge profits, we'll have those days of being satisfied with the prices even if it moves slower this time.

Altcoins season have been there already long time ago when ETH has pumped.

These countries who ban bitcoin didn't understand the whole capabilities of it. Most probably their intentions was not good and commendable for their allies, considering the fact that bitcoin was a decentralized asset. Fiat economy is really different with unregulated currency and example of that bitcoin and all crypto coins that's separated from Government control.

First of all, Bitcoin can't be "banned". Those countries which claims to do do are ignorant of this fact. Bitcoin comprises of a bunch of codes and it does not exist in the physical form. The regimes can ban the conversion of cryptocurrency to fiat, because it causes a link between a real identity and the cryptocurrency wallet. Apart from this, they can't do much and that is exactly the reasons why countries with more intelligent individuals in the government looks to legalize and regulate the cryptocurrency market rather than imposing a blanket ban.

Yes, I agree that bitcoin is no longer in an adoption stage and as you can see, people are now having an idea about its existence in the market and even big companies and big investors are already engaging to it.

It is really a positive impact in bitcoin when it is spreading all over the world and many people are investing on mining it.

Hoping that bitcoin will continue to become popular and reach the mainstream investment and payment tool.

You know these whales are not going to be holding their coins forever? It will still get to a point where they will be selling their coins. But what you have to understand is that as time goes on there are going to be lots of people who wants to buy bitcoin and invest in other cryptocurrencies as well, so this is not going to be an issue.

In recent years we have been seeing institutions investing in Bitcoin and it’s not going to end, and even those that sell their assets will at some point come back to invest again. So if they sell, there will be people to buy it and the market will continue to grow. The buying and selling is needed to keep the market moving, there will always be up and down.

Our hope is that bitcoin becomes a global currency that is recognized and accepted throughout the world, the number of companies that continue to develop bitcoin is certainly a good start that the future will continue to shine, this will make us get big profits.

Yes, I know.

What I mean is that for the meanwhile, they give space to the market to breath and grow a bit before they take their shares. Well, I think they will just play their game and usually go back to the market which will make it healthier then.

As institutions get in, there will be more to come from that side.

Am I the only one who feels happy when I read the phrase "Crypto has now gone mainstream". :D
One of the best decisions that I've made in my life was involving myself into crypto. Learning at least the basics of it and then trusted it. Invested a considerable amount, held it and now I'm happy that I got the profits that I want and it took me years before I got it :).

Crypto isn't in its adoption stage anymore and many will agree into it. Many people are searching it online, many people are curious about it, many people who are using the internet are now searching for ways to get started into crypto. The only problem though is that, those people who neither don't have any smartphones or don't have any access to the internet don't know about crypto but overall I'm just happy with what is happening right now with the crypto space.

You want the world to accept bitcoin and make it a global currency, but here you are talking about making "big profits" with bitcoin. This means you are not prepared to use it as a regular currency, but as an investment because you consider bitcoin as a store of value. If everyone starts thinking like you, there is no way bitcoin is going to become a global currency. You should first start using bitcoin as a regular currency instead of using it as a medium of getting rich and then expect the world to do the same.

It is the best investment because of its price, but can you imagine the price of bitcoin three years ago that is really cheap and only a few people are just thinking about it as an investment because it is really used for online payment because it is fast, trackable, and has lower fees? Fast forward to the present, the price is high and it is well established, and other stores and large corporations are accepting it as payment because it is becoming popular, which is also proven and tested.

It is understandable for some people to feel late, that is understandable because we are no longer in the small price zone, we have cracked 60k at some point, that is not a normal price and what can it ever be? Like we moved from few dollars to here, obviously nobody will ever make that kind of money ever again, that profit is out, and will never happen again.

However that doesn't mean that you can still beat the market, I mean the inflation is right there and if you could make 20% in dollars then you are going to be doing great compared to rest of the world, keep doing that for 20-30 years and you are going to retire as a very rich person as well. This is why bitcoin and many other coins are still loved, if people can't make that 100000x or whatever again, why are they here? They are here because this is still the best investment you could make.

Sure, bitcoin is slowly going mainstream media and it is being known and introduced to more people compared before. However, being widely known doesn't necessarily equate to be farther from early adoption stage. Despite the statistics, the active users of bitcoin is far less than the count of people who have an account. Hence, the double digit percentage mentioned  by cointelegraph is still blurry. Active users are needed in order to say that we have progressed from early adoption stage. Bigger percentage of accounts with transactions each day at least are important to conclude such thing.

The mass adoption of some countries and companies are significant steps to move forward from the next stage. So are the active users that have transactions and holdings in their wallets/portfolios.

many people start investing in crypto because they know the benefits, where if it is only stored in a bank of course the money will not grow, even its value tends to decrease due to inflation. By studying crypto as an investment tool and hearing stories of people who can make a lot of money in a short time, it makes people interested in getting into it

The early stage of cryto is when a new blockchain is born. at that time the developers were busy introducing their technology to the world. it may have happened in 2014-2019, because at that time the ETH, BSC, Solana, Polkadot, Polygon etc blockchains had not yet seen the adoption (except ETH). and after 2019-present, a blockchain is really being used to its full potential with so many projects being built on top of it. a very interesting stage because with the adoption of blockchain technology, we increasingly know that blockchain is truly the technology of the future.

Most people buying crypto just for investment and don't know what is the technology behind, if there are many adoption of cryptocurrency in the future maybe there will be a worldwide currency stable coin in this world to make global transaction easier without so much tax and fast transaction speed.

Some people have to understand that cryptocurrency is not just an investment or assets just like gold, but cryptocurrency is a whole technology who built to make transactions decentralized and faster

Actually they do understand, and it just happened to be that it goes against them. Imagine that you're governing a lot of people and your people would use something that is under your radar/observation. Pretty much you would think that they are doing something against you.

The part that they don't understand is that people need the privacy in their own money, not to be regulated by someone that is at risk of being taken away from them.

I guess they are talking about the early adoption of primary coins such as Bitcoin and Ethereum, which actually started it.
I see new projects that actually gave noise; the general online community actually prefers money-making rather than investing/releasing money, so they get to learn crypto through other projects. With that attitude, I can still say we are still on early adoption, as people haven't learned the store value of crypto and what it can facilitate in the coming years.

I certainly agree, i feel like back in 2017 when we had bitcoin all over the news after it reached 20k and with the surge of the numbers in developed cryptocurrency it is safe to say that it reached the point where it is no longer considered in it early lifespan, and most certainly with we are seeing now with countries adopting it as a currency and big companies like tesla and potentially amazon starting to invest in it , it is safe to say that from here we are going to see bitcoin and crypto rise even more.

It's still in the early adoption stage because people treat it as a digital commodity, not a currency. And you go to any major 1st world country, most people will have heard of Bitcoin, but don't know how it operates nor use it. The few that do use it probably have some stored away as an investment, which isn't really the main function of Bitcoin.

This statement was given by someone that associates price with adoption.

That is what is incredible bitcoin, it is obvious that the current price is very expensive for the majority of people and they cannot really afford to buy a full bitcoin and I understand why people are so worried about it and they prefer to not buy bitcoin at the moment, however if we really take a look at what's happening with bitcoin and its long term potential then there is no doubt that Saylor is right and that compared to the potential price bitcoin can reach just at the end of the year bitcoin is still relatively cheap and we must take advantage of that while we can.

Many told bitcoin is not on early adoption as they cannot to buy a whole since the price is undeniable expensive to the low income earners or middle class people but actually we can save some volume until we can reach our target to get a whole 1 bitcoin if we want its just we need a guts to do this and proper discipline to save some amount that's why there's no really excuse upon those figures and telling that we are not on early adoption since as we can see only few countries are yet accepting bitcoin on their financial system so if many will accept it for sure the value will soar up since the demand will became more higher.

For me, since bitcoin is already known worldwide so they are already aware on it, so we are done already with the first stage. Next is application. I think this time people should still be more educated about bitcoin and cryptocurrency so they can use it based on their function and not just merely as an investment.

But knowing the fact that the government is not even supporting it, i think it will take time before bitcoin becomes a reserved currency. Although there are already some countries who are making it as currency and becomes even a legal tender.

agree, leader will stroke people who follow their rule. when people dont follow it, they have some option like ban what people hold.
but its hard to give privacy up to people, because control is the best part of leadership, to give higher convenience to do what they want

What happened in 2017 was indeed very shocking to the technology world, because no one expected Bitcoin to reach a price of $20k. It was
a great achievement, although it didn't last long and the price of Bitcoin after that fell very deeply. But the events in 2017 made Bitcoin more
popular and began to be famous in the internet world, for me that is the initial stage of adoption ends. Because after 2017 many people have
started to understand how Bitcoin works, therefore this year Bitcoin has gone to the next stage. Which Bitcoin has leveled up by gaining the trust of
many large institutions and corporations. At this stage Bitcoin already has many strong investors, who don't panic easily when the market falls.
It has been proven that Bitcoin price movement is still bullish and I believe Bitcoin will reach another ATH this year.

Early adoption we might believe to have ended in 2017 and plus that cryptocurrency adoption skyrocketed from 106 million in early 2021 to 221 million users. This was influenced by the bullishness of Bitcoin which broke its all-time high price (ATH) in the first quarter of 2021 ago. The survey titled “Measuring Global Crypto Users” is based on a collection of data from a number of leading crypto trades such as Binance, Huobi, Kraken, Gemini, Bitfinex, Okex, and Upbit. and this is proof that it's not early adoption anymore, it's more about the growth and development of crypto that promises to be able to achieve it

Crypto still has a long way to go before it's widely accepted by anyone worldwide. It would say this is just the tip of the iceberg as the best is yet to come. There are a lot of issues that need to be addressed before crypto can be used at a large scale. Besides, the crypto/Blockchain industry is still widely unregulated. One thing for sure is that crypto has made a lot of achievements in just 12 years since launch. Bitcoin is the largest cryptocurrency in the world which a price of over $45k per coin. That's impressive considering how Bitcoin was worth cents in its early days. Imagine how big the crypto market will become if the industry finally becomes mainstream. Popular coins like Bitcoin and Ethereum will be worth a lot more money than what they're right now. With or without fierce regulations from mainstream governments, it seems that crypto/Blockchain tech will last for a very long time. Just my thoughts ;D

Not because there are some meaning the whole market will suffer , remember that the cryptocurrency has the goods and bad side and people needs to decide for this and not the government .
why will they hinder the advantage of accepting crypto when there are only few who hinders this? that is not fair in all aspect.
they must do their job finding the irregularities but never let all the people suffers from that. i am lucky that my country stands neutral towards crypto and i think this is much better than all of the hard headed country to continuously deny this fact from their people.

Of course, you definitely do not expect the adoption not to grow even after more than a decade. Personally, I do believe that even though we still have a long way to go in the adoption of  bitcoin and blockchain at large by everyone in the mainstream world, the adoption of bitcoin is no longer in its infancy.
Quite a lot of companies have adopted bitcoin which helps to boost its adoption in the mainstream world. The mere fact that a country adopted bitcoin as its legal tender shows that bitcoin has come to stay and it wouldn't be long before bitcoin becomes the legal tender for every country

Bitcoin has been gone on the early adoption stage for so long already. Ever since its value peaked last 2018, it is very clear already that it has already gone mainstream. Bitcoin's gone a long way already and its achievements has brought it to new heights. Those who managed to believe in bitcoin and stay faithful to it regardless of the downfalls definitely gained much benefit right now and they are probably holding up until now. Now that the early adoption has already ended, our ways should already change, we should be much smarter with our investments and act accordingly to the current market situation.

Early adoption is beginning in governments, such is the case of the pioneer country like El Salvador, it is also in the pipeline for Paraguyay and it is said that the Argentine government is aiming for Bitcoin to be adopted, this is an early adoption for governments. .

If the adoption starts in governments it is to give entry to BTC to those who previously did not fully trust BTC, which also works for banks around the world, the good thing about this is that the demand increases, therefore the supply decreases and it is reflected in the price which may increase as time goes on.

Of course. Countries are beginning to adopt Bitcoin as legal tender, so I'd say this is just the tip of the iceberg. The best is yet to come after Bitcoin matures enough for widespread use worldwide. A scaling solution like the Lightning Network, will surely increase demand for Bitcoin in the mainstream world. Other cryptocurrencies are doing a similar thing by scaling in their own way. Two things that need to be addressed are transaction capacity and volatility. Once these issues are solved, then we can talk about crypto no longer being in the "early adoption stage". I believe we're still early adopters of a revolutionary technology that's bound to change our world for the better. Since this is still the beginning, one would expect crypto prices to be much higher in the future than what they are right now. Just be patient and you'll see great results in the long run. Just my thoughts ;D

If you consider the years since bitcoin was launched then I might agree that we are not in early days of bitcoin hence anyone who adopts bitcoin today may not be appropriate to call as early adopter but if you consider bitcoin's price levels to refer for early or late adoption then I may not agree with that.

First of all, we must need some clarity on how to define "early adoption" and "late adoption". (I remember here one famous comment on this forum: late adopters of bitcoins yet to born).

In my opinion, age of bitcoin network cannot be a right measure to define early adoption. Probably price levels of bitcoin could be the most appropriate parameter to categorize early and late adoption of bitcoins.

If the support of some governments come then that is great as it is in the case of El Salvador but we should not expect that kind of support coming from the majority of the countries especially those that are at the very top and that want that their own currencies become the reserve currency of the world, so we need people begin to realize that bitcoin is the best choice that we have when it comes to protecting our wealth and unfortunately many are not going to discover this until it is too late already and most of what that wealth can buy has been eroded by inflation

Bitcoin existing for over ten years now do not guarantee it maturity because it not fully supported or let me accepted as a legal tender by large percentage of most countries in the world. In a nutshell crypto is still growing or seen as infant by Government of some countries.

It has been a very long time since cryptocurrencies have left the early adoption stage. For example, Bitcoin adoption is increasing at a high rate nowadays. Now, the cryptocurrency market is well-known among people. It's not like the first times of this market anymore. Maybe we are still not at a very high level for cryptocurrencies but we are getting close there.

Adoption as a currency is virtually non-existent.  If you mean adoption as a speculative asset, perhaps this is closer to entering the mainstream, but this was never part of the original thesis. It's only when you move the goalposts that you come anywhere close to saying bitcoin is entering the mainstream.  Use as an actual currency still remains rare compared to people just buying and hoping to make money holding it.

Crypto is no longer in the early adoption stage initially the number of bitcoin users was low but now it has increased a lot. Everyone loves bitcoin for investing in crypto bitcoin is becoming legal in many countries around the world they are able to transact with bitcoin like fiat the crypto market is very popular and important for every investor to invest as new companies are added to crypto this platform is evolving. Although not fully supported in many countries everyone is using it as they wish because the government does not have control.

$100k might be too optimistic given the market situation right now.

To me, crypto is still in the early adoption phase, maybe Bitcoin isn't. There are new projects coming out daily which shows that there is still interest in crypto and hence more and more such projects are coming up.

Adoption is usually measured by the price. If the price of a coin/asset is going up, it means there is adoption still going on while if the price has stabilized or dropped slowly, it shows that the adoption has either reached its cap or simply the project is dead.

BTC since its birth in 2009 has existed and has not known how many ups and downs in the past 12 years. From the very beginning until now, Mr. satoshi has seen the future and turned modern technologies into a practical value for us, which is BTC today, and because everyone today understands it. value and great technology of BTC that they accept and love it. Almost all over the world now a lot of accepting BTC as payment method and BTC has become more popular.

Not only the price, but also the number of services and merchants around that specific cryptocurrency. I believe we're still in the early adoption stage, simply because crypto hasn't scaled to billions of people worldwide. Not everyone has heard about or used Bitcoin before. Third world countries are still behind when it comes to using Bitcoin for day-to-day payments. Once developers solve Blockchain tech's limitations, then crypto would be on a path towards global adoption at a large scale.

I believe that scaling blockchains should be developer's utmost priority to help crypto projects reach a widespread audience. Fortunately, major cryptocurrencies like Bitcoin and Ethereum are already on a path towards massive scaling. Believe me, 12 years of crypto's inception is nothing compared to other thriving technologies in the real world (like the Internet). This is only the beginning of what's best to come in the next 1-2 decades. Just my thoughts ;D

This is so true. It has been so much time since we left the early adoption stage behind. Cryptocurrency market is much bigger than the past years now. It is much more popular among people. Many people started giving Bitcoin a chance over fiat. The rate of demand has increased at a really high rate. Bitcoin is being adopted by many big companies also. From now on, the adoption is in an advanced adoption stage.

The adoption further increased when these top companies like PayPal and Tesla, started to accept btc in their payment system, though Tesla later on stopped the btc acceptance. But in any case, some merchants and companies, or even countries like El Salvador are now participating in btc adoption. Adoption is really increasing day by day, as other users are also looking at crypto for possible investment options.

For now it may seems to be quiet but for sure there are still companies and establishments who do accept or adopt bitcoin even though they arent broadcasted yet but for sure adoption is on the move.
Crypto is indeed no longer in early adoption stage.So what this means ? Nothing to be that serious. We are still hoping that it would become even more bigger in the years to come.
Thing here is that crypto do able to last up for a decade which does signify that it is really doing well and couldnt really be shut down easily.

There is still a lot of time before the normal implementation, but it is pointless to assert about the exact timing, because the process will go unevenly at different speeds in different territories and in different states. Also, a lot depends on what is invested in the very concept of accepting bitcoin. It is quite obvious that bitcoin will not be accepted as a full-fledged currency in serious states, and as a certain asset that serves as an object for speculation or for some financial transactions, but still eventually exchanged for a fiat currency, then such a prospect of the near future is quite possible. It's just that everything will be regulated by the relevant state authorities.

Yes, I agree... Not after Bitcoin are becoming more recognised and adopted by many gigantic firms and passing a legal tender bill in some part of the states.

Technically yes but there are people that still hasn't seenor heard about crypto or even become curious about it, so it's more like a matter of perspective and the time that you've been in the cryptospace.

It is true that the crypto market has experienced significant development, but we will still find that there are still many people who have not entered this market for various reasons.  Out of 100 people, only 3 people know what crypto is in my country.  If it is said that it has gone through the adoption stage, it is already uneven and massive.  Cases in developing countries are more complicated than those in advanced ones.  Not only crypto but the capital market, there are still a lot of homework even though it was already there.

Personally I disagree, I think that we are very much still in the adoption faze.  I think that there are still countless bitcoiners whom have no idea what bitcoin is or how it works and all they care about is trying to get rich off of it, that to me still shows that we are in the adoption faze.  I think that until maybe 40% or so of a countries population is "in" bitcoin, then maybe we can start talking about being out of the initial phase.

I do not agree that bitcoin will not be a full-fledged currency in big states, it will just take longer time that's all. I mean I understand that El Salvador and maybe a few other places is not a big step, but I believe that if this keeps up then in 10 years we will get to see 10 or so more states and in few decades we may see almost all nations doing something like that.

Even if it is not a national stuff, then it could be an international trade deal type of thing where big nations could accept bitcoin as currency in international trades because of how easy it is, you won't be able to spend it while buying your macbook, but apple would be able to pay it made somewhere with bitcoin, because it would be international. This is the type of stuff that I am expecting in the future, it is not that it would be impossible, it is just about how long we will have to wait for it.

I think that everybody should be aware of this already. Bitcoin has been maintaining itself for more than ten years in this market. It is no joke anymore.  ;D  Things have gotten really serious and the adoption rate is increasing at a fast pace. It has been a long time since we left the early adoption stage behind. From now on, Bitcoin is already quite powerful and it is gathering more strength as long as the demand increases.

When it comes to bitcoin adoption, i think its not that wide but when when it comes to popularity, it is increasing day by day. But even if people's awareness are always on the rise, but if the government is not taking crypto side, the adoption will still be in freeze.

But somehow, the fact that bitcoin has been living for a decade is not a joke, its really hard for a regular coin to lasts that long. With this, bitcoin has become more appealing to the people and definitely think that bitcoin has really great potentials. I just hope the government can realize this so they can already legalize bitcoin and its adoption will be fully worldwide.

I still believe the stage cryptocurrency adoption is in is at early adoption stage. The fact that the number of people who are still not aware of what cryptocurrencies are and what they do still outnumbers those who do know and had at least cryptocurrency assets within their portfolios serves as enough reason for me to believe so. We needed more people to know more about the wonders crypto could offer the people, level the playing field and make it everyone's game for us to be considered into a new stage of cryptocurrency adoption, plus there are still untapped potential within cryptocurrencies that we are still yet to uncover, enough for me to personally consider that cryptocurrencies are still at its infancy. That's the thing, it will take a huge amount of time for cryptocurrencies to finally find themselves in everybody's wallet, be it virtual or physical. There will be a lot of factors to consider and all will play a role in the surfacing of cryptocurrencies in the mainstream. It has to be large scale but subtle as haste makes waste, people should be given enough time to learn the basics of using and keeping cryptocurrencies, along with passing the information to other people, which will definitely take a lot of time.

Absolutely agreed with this. Look at the transaction volume, and don't just go by the claimed userbase. Compared to the volumes for fiat currencies, the proportion for cryptocurrency is very minute. And although it is claimed that there are tens of millions of cryptocurrency users, how many of them are active in this sector? Even tens of millions is nothing when compared to billions of fiat currency users. The trend is moving in the right direction, and we have userbase increasing at a steady pace. I would say that this is a good sign.

Totally agree, bitcoin is a decade old already so I don't think that it's still in the early stages of adoption. We're more like at the middle ages of the adoption since the adoption is already fairly known but not fairly large yet.

That's certainly true, mate. The vast majority of people only use crypto as a speculative instrument. They don't care about using it as a currency, since it's all about making money in the least time possible. This greatly limits crypto/Blockchain tech's ability to replace Fiat in the mainstream world.

I wouldn't say that "crypto is no longer in the early adoption stage" since there's a lot more to it than meets the eye. It's yet the time where Blockchain tech is struggling to scale towards millions of users worldwide. Fees are high, while transaction speeds are slow on major blockchain networks. Until current issues are solved, I'd consider crypto to be in the early adoption stage. Expect to see crypto prices explode after high fees and slow transaction confirmation times are put to rest. If you bought major cryptocurrencies now, you could benefit in the future once the industry becomes mainstream. Ultimately, crypto is all about utility. As long as crypto is useful, nothing else matters. Just my thoughts ;D

I think it is more fair to say that Bitcoin is no longer in the early adoption stage, as there are lots of new coins being developed and even some established coins are seeing radical overhauls in how they work (like Ethereum). Bitcoin has built a rather steady foundation for itself and will probably stay relatively similar into the future. Even the larger financial institutions are only just starting to branch into the smaller alternative cryptocurrencies so there is still a lot out there that is untapped. It is definitely a maturing industry that has had a lot of exposure in the media over the last few years, which is great for all of us, however there are elements of it that are still in the early stages.

I still think Bitcoin is in the early adoption stage, simply because not many people know about it. The vast majority of people worldwide still use Fiat for day-to-day payments. Crypto may have been widely successful since its inception, but it hasn't been able to challenge traditional payment processors directly. There are a lot of issues that are needed to be solved before crypto becomes a serious alternative to Fiat. Limited transaction capacity and high volatility is what's "killing" crypto anyways. Crypto has a long road ahead before it becomes mature enough for mainstream use. Just my opinion :)

Lots of things have happened for years and the improvement and development of Bitcoin as a currency is too visible and I must agree that it isn't in the early adoption period anymore. Some countries are now adopting it as an alternative and digital currency and are being used in digital transactions which only means that it has passed the tests of time so it's already on the higher step pf adoption period.

We can already say about that and no more further debate to be either early or not since in the first place bitcoin already age a decade  we also see some huge ATH and ATL also currently the price is quite expensive for middle to low income earner that's why we can say that the claims about that is right, but it didn't stop there since the potential still so high we will still so many ATH to be broke so even if we are not in early state still its good to buy bitcoins at any point since to potential to earn is high if you are not a weak handed trader.

There is no doubt that a lot of things have happened during the last few years w.r.t. Bitcoin. But that doesn't mean that we have passed the early adoption stage. IMO, we will progress to the next stage, when multiple countries adopt Bitcoin as the legal tender. And from what I can see, we are at some distance from that. And the number of active users still represent a minute fraction of the world population. I have seen claims like there are tens (if not hundreds) of millions of Bitcoin users. But how many of them are active users?

Being a legal tender is totally different from being a national currency. Any country can declare Bitcoin their legal tender but that doesn't mean that it is their national currency. Although the good thing about being declared a legal tender means that anyone can make use of it to clear debts or make payments. But in countries where it is not legal anyone caught making use of it will be punished.

El Salvador he said the frontline of the movement of adopting cryptocurrency as legal tender, and I’m looking forward to seeing other countries who would do the same thing. Ukraine is one of the countries that I’m looking forward to, which might do the same any moment from now.

Even though it's like that, I think for now we are in a transition period where to say we are living in an advanced stage of adoption is not true because if we look at the population, the number of people and countries that adopt bitcoin is still very small.
maybe for people or investors who have long been able to say this is a continued adoption and not an early stage but overall if we look at the actual comparison we are still not free from early adoption considering there are still many people who don't even know what bitcoin is and like how it works.