"Crypto is no longer in the early adoption stage"

[Gyfts]

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.

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[Silberman]

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.

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.

[arwin100]

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.

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.

[Kasabus]

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.

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.

[dimox]

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snip

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.

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

[Shasha80]

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.

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.

[dark1234]

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

[Abiky]

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.

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

[Reatim]

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snip

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.

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

The government must of course be able to control the transactions that occur in their country, if they can't control it like cryptocurrencies it will have a big impact on the country's economy, there will always be speculators who continue to create chaos in the country's economy so that what the government does by not accepting crypto is the right thing.

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.

[goldade]

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

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

[sapnu]

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

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.

[LUCKMCFLY]

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

Bitcoin users continue to grow and more and more companies to countries are legalizing bitcoin, of course this is the initial goal of bitcoin which makes all transactions simple and easy, I am increasingly convinced that bitcoin will easily reach the price of $100k this year.

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.

[Abiky]

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

[sana54210]

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.

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.

[Silberman]

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.

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.

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

[realcrypto]

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.

[Turbolinea]

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.

[jaysabi]

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.

[Xinarae*]

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.

[jostorres]

Bitcoin users continue to grow and more and more companies to countries are legalizing bitcoin, of course this is the initial goal of bitcoin which makes all transactions simple and easy, I am increasingly convinced that bitcoin will easily reach the price of $100k this year.

$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.