"Crypto is no longer in the early adoption stage"

[Leviathan.007]

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

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[Myleschetty]

I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:

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.

Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries.

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

We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”

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

Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.

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

[The Sceptical Chymist]

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.

[stompix]

“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.

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.

[paxmao]

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.

[Dragonfund]

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.

[crzy]

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.

[ajochems]

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

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.

[Distinctin]

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.

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.

[Snappycoco]

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 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.

[Obito]

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.

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.

[mu_enrico]

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.

[stompix]

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.

Loool, the joke of the year... Usage? Where in Nigeria is this usage we're talking about that puts USA to shame??


Maybe in the LN network?

United States
Capacity 1,024.480212410 BTC (45.012%) $47,444,754.34 Node Count 1,273 (8.99%) Channel Count 18,315 (28.35%)
Nigeria
Capacity 0.003562530 BTC (0.000%) $164.98 Node Count 3 (0.02%) Channel Count 3 (0.00%)

It must bein the companies investing in Bitcoin then, too bad I haven't heard from on Nigeria company doing so, numbers of ATMs, 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!

[el kaka22]

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.

[Sanugarid]

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.

[just_Alice]

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.

[jossiel]

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.

[semobo]

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.

[dothebeats]

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.

[imstillthebest]

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 .

Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.

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