Bitcoin Adoption Will Increase 50% above Its current level in the coming Year

[Ojima-ojo]

The Rate of bitcoin adoption will increase 50% above it present percentage in the coming year, I know from second quarter of 2023 there will be an increase in demand for information technology, and a lot of software developers will be working from home and in other to make online payment seamlessly easy Bitcoin will be the ultimate solution for internet settlement since Bitcoin is trance border currency and also the internet mo et without restriction.

[romero121]

The adoption of bitcoin keeps increasing with time. This is out of the interest people have over it. People try to understand it well. Huge number of people find it as an investment and not as an alternate to the traditional fiat. Based on that, there is less chances of bitcoin getting used as regular transaction asset for the reason more software developers work from their homes.

Adoption rate increasing at 50% won't happen. Such thing could happen associated with some special events. The next special event is supposed to be on the year 2024. Maybe by then such a massive adoption could happen.

[blockman]

The Rate of bitcoin adoption will increase 50% above it present percentage in the coming year, I know from second quarter of 2023 there will be an increase in demand for information technology, and a lot of software developers will be working from home and in other to make online payment seamlessly easy Bitcoin will be the ultimate solution for internet settlement since Bitcoin is trance border currency and also the internet mo et without restriction.

We're sure that the adoption will increase but I just don't know what the percentage will be. Since the pandemic started, the setup of working from home has been in demand and this makes it easy for those that still not aware of what bitcoin is to have that idea.
And that is because they'll be focusing more on the web and it's very likely that they'll research bitcoin. But, it's not just going to be limited to software developers, it's for the most that has the access to the internet whether they WFH or not.

[D ltr]

if you say the next year is 2023, I also believe there will be an increase in adoption for bitcoin where as we know 2024 is the initial cycle of the increase in bitcoin to determine whether it gets the best/highest value
now the question will be whether the cycle will be repeated or will advance one more year, because as we know the period of inflation also overshadows the finances of every country

[Fundamentals Of]

It is slowly happening. It is probably the most efficient way to send large amounts of money across nations. It would be fast, cheap, and smooth. There won't be any bank or government approving of the transaction. Everything could also be discreet.

With regards to smaller transactions, the Lightning Network is also gaining speed. It has been reaching ATHs. Today, the capacity of the Bitcoin Lightning Network is almost 4,000 BTC already.

[wxa7115]

The Rate of bitcoin adoption will increase 50% above it present percentage in the coming year, I know from second quarter of 2023 there will be an increase in demand for information technology, and a lot of software developers will be working from home and in other to make online payment seamlessly easy Bitcoin will be the ultimate solution for internet settlement since Bitcoin is trance border currency and also the internet mo et without restriction.

The rate of adoption is growing each year, this is something that we know it is happening but an increase of 50% in a matter of months seem like a huge increase if you ask me.

Besides this is something difficult to quantify, as not only we cannot tell how many of the addresses which present activity for the first time belong to new investors or simply to someone that creates a new wallet, and if we were to make a survey the results will be useless as a lot of people will refuse to reveal they are holding bitcoin at the time as it is simply not a good idea to reveal that information to anyone.

[franky1]

the capacity of the Bitcoin Lightning Network is almost 4,000 BTC already.

most of that is bitfinex locking up value. not for current users but the potential of future users.. its basically setting up liquidity for a "if future" not any current stat of current utility.

also comparing bitcoin adoption. to things like
"custodian users"
"subnetwork users"
"sidechain users" is not true bitcoin adoption

if people do not experience the self custody life of actually having funds on their bitcoin network key, where they can move funds without a channel partner or middleman agreement. or have to pay the network fee's and see their funds confirmed and settled in the immutable ledger of the bitcoin network.. they are not actually using bitcoin

balances on websites, other networks: lbtc, wbtc, msat are not bitcoin

bitcoin never leave the bitcoin network. and that the beauty and security of it

[mk4]

A person with a lot of work-at-home friends here — literally all of them still use either wire transfers or PayPal to receive their wages, not bitcoin/crypto. It's unlikely for the typical person to use bitcoin/crypto unless PayPal isn't available.

[bittraffic]

^ Not using for now. I have seen some local currency payment apps adding BTC to thier list so this should make people interested especially in the bull run.

50% of the entire population, I think we can achieve more than $100k/BTC for this adoption rate. Currently, afaik we have less than 10% still. The adoption in developing countries are faster and much needed because of the number of unbanked people.

[hatshepsut93]

And from where do you know that in Q2 2023 there will be a boom of remote jobs for software developers? What would cause this?

And why do you conclude that they will use Bitcoin? We already have the precedent of covid-19, which forced people to work from home, and it didn't increase Bitcoin's adoption significantly. That's because there's a wide variety of fiat payment methods, and people see no reasons to use it instead of them.

[Gallar]

The Rate of bitcoin adoption will increase 50% above it present percentage in the coming year, I know from second quarter of 2023 there will be an increase in demand for information technology, and a lot of software developers will be working from home and in other to make online payment seamlessly easy Bitcoin will be the ultimate solution for internet settlement since Bitcoin is trance border currency and also the internet mo et without restriction.

people's understanding at this time has begun to open little by little about cryptocurrency / bitcoin.
surely it can be predicted that in the coming year there will be a fairly significant increase in the adoption of bitcoin or other crypto.
with increasingly sophisticated technology, it becomes a buffer or a supporter for the advancement of bitcoin.
but the increase will not reach 50%, maybe in the range of 30-35%,
because with past events, surely it will also affect bitcoin.

[Zlantann]

The Rate of bitcoin adoption will increase 50% above it present percentage in the coming year, I know from second quarter of 2023 there will be an increase in demand for information technology, and a lot of software developers will be working from home and in other to make online payment seamlessly easy Bitcoin will be the ultimate solution for internet settlement since Bitcoin is trance border currency and also the internet mo et without restriction.

Its possible that Bitcoin usage would keep increasing every year if people are becoming aware of it. Bitcoin has so many benefits that I think most people would like to enjoy if they are aware of it. But a bullish market or price seems to be the biggest form of attracting for Bitcoin investors or users. Most people don't like investing or using Bitcoin when the price is dropping because of the fear of the unknown. They prefer buying it at a very high price hoping that the price would keep increasing.

Developing nations that have a high population of unbanked people might be a very good target for Bitcoin education or awareness. But these individuals also face other challenges such as lack of access to electricity, mobile phone, internet, and some of them are suffering from poverty. But i am sure that Bitcoin awareness and education is one of the most potent tool that would help in the increase of Bitcoin adoption. 

[pooya87]

The Rate of bitcoin adoption will increase 50% above it present percentage in the coming year

Adoption rate (speed) is different from adoption itself. I honestly don't see adoption increasing by 50% in such a short time since it has taken us 13 years to reach this much adoption. But the rate/speed changing is possible specially after the recession in West reaches its height.

[worle1bm]

We can say that bitcoin adoption is increasing day by day but not specific percentage of 50% rise as there is no statistical data to validate the amount.As others have said the normal wage workers are more interested in getting paid in legal cash to avoid volatility as it's the only source of their income.But if you consider it on the investment purpose then definitely in coming years it would be on the rise.

[laurenB7742]

It is impossible to provide an exact number on the growth and adoption of bitcoin, however, there is one thing for sure: bitcoin is growing and adopted at an increasing rate year after year. In 2017 very few shops accept bitcoin but only in the last few years especially in 2020 till now bitcoin acceptance is happening at the big company level even the national level. It can be said that bitcoin adoption is growing exponentially along with the growth in the price of bitcoin.

[Iroh]

The Rate of bitcoin adoption will increase 50% above it present percentage in the coming year, I know from second quarter of 2023 there will be an increase in demand for information technology, and a lot of software developers will be working from home and in other to make online payment seamlessly easy Bitcoin will be the ultimate solution for internet settlement since Bitcoin is trance border currency and also the internet mo et without restriction.

While we’re all being optimistic about the growth and adoption of bitcoin, we should be also be realistic.
I doubt the rate of bitcoin adoption would increase by 50% more than what the current percentage in the current year. I wish it were so but sadly, I would disagree with you. 50% is a pretty much high percentage.

Perhaps you know something everyone on here don’t. You stated that you know from the second quarter kit the year 2023, a lot of software developers would be working from home. Why is that? Would there be another pandemic that would make the world shut down again?

We recently just got out of a pandemic where we had to shut down business and most people had to work from home and that didn’t increase the adoption by 50%.

[Ojima-ojo]

A person with a lot of work-at-home friends here — literally all of them still use either wire transfers or PayPal to receive their wages, not bitcoin/crypto. It's unlikely for the typical person to use bitcoin/crypto unless PayPal isn't available.

Yeah and that is why Bitcoin becomes the best alternative, PayPal or wired transfer are all centralized method which have some restriction, but with Bitcoin all a user need is the wallet and the private keys to receive payments.

This make bitcoin unique as a financial tool!

[Kakmakr]

The "work-from-home" solution has increased, but how do you extrapolate from that, that businesses will switch to a new payment option, with new challenges? I know several businesses that complained about payroll challenges, after they switched to Bitcoin payments. (Volatility of the Bitcoin price / Tax implications & administration)

The key thing for increased Bitcoin adoption by businesses is this ===> The new solution must be cheaper & faster ... and without added challenges.   

[Ojima-ojo]

From what I understand, there are several metrics to measure bitcoin adoption at any given time.

-Number of Blockchain Addresses
-Number of Transactions per Day
-Average Daily Transaction Value
-Number of UTXO's
-Use Cases (Bitrefill, Binance (top exchange), Trezor (hardware wallet), have directly correlated to the price increase of BTC hands down.)
-Total hash rate (it was at an ATH the other day, despite miner revenue's plummeting and electricity bills soaring)
-How much do the top 1% of wallets hold? the next 49%? the rest of the 50%?

Obviously some metrics such as number of addresses, top holders vs. least funded addresses, and a number of transactions are kind of ambiguous if you are trying to calculate real human actions. From the way the space is, many individuals manage multiple wallets that are created and destroyed on the fly, money sent to and from them for the sake of obfuscation, and even exchanges trading crypto within artificial accounts between each other to display false volume.

The way the world is going now, people are going to dump their fiat for crypto. That's the way I see it.

The number of bitcoin wallets vs the balance on the network and also miners' hash rates are all determinant factors to point out the level of bitcoin usage and that being said exchange and other services are just one segment of the entire network, when the numeric is accumulated in total then the can conclude the level of adoption.

And considering the level of Bitcoin adoption in terms of usage and also the network engagement we may see a rapid multiplication in volume in the Bitcoin network.

[Pam beasely]

Bitcoin Futures Market Is On The Verge Of A Bullish Signal.

The crypto market has seen positive reactions from the investors as they remain in a base zone of stability by investing into the downtrend and trying to pull the market out of its downward spiral. This will definitely lead to bullish signal for bitcoin. I am hoping for the price as high as $18,954.37 by the end of 2022 and $43,959.19 (as per crypto expert at Coinpedia) by year 2023.